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Unemployment Claims Drop Unexpectedly, Job Market Stuck
Unemployment claims unexpectedly drop to lowest level in a month, hinting at a potential hiring uptick, but overall job market remains stagnant. Continuing claims also decrease, yet still higher than last year, reflecting consumer job views at their lowest since early 2021. Unemployment rate holds steady at 4.6%, and the Fed pauses rate cuts, awaiting clarity on jobs and inflation.
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Published on 1 day, 12 hours ago