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US Jobless Claims Stay Low for Fourth Week | Hong Kong News
Jobless claims in the US have remained at a 57-year low for four consecutive weeks, indicating stability in the labor market despite a slowdown in job growth. Last week's initial claims fell to 197,000, surpassing expectations. However, nonfarm payrolls saw only a modest addition of 29,000 jobs in September, suggesting hiring is slow. With the recent interest rate hike by the Fed, future job growth may face challenges. The current job landscape presents a mix of positive and concerning signs as www.TheDailyNewsNow.com This is an automated, high-level news summary based on public reporting and…
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