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The Wall Street Journal

Jobless Claims Rose Barely Final Week however Stay Near Prepandemic Common

U.S. functions for unemployment advantages rose barely after 5 consecutive weeks of decline as many employers proceed to carry on to staff regardless of a slowing financial system.

Initial jobless claims, a proxy for layoffs, elevated to a seasonally adjusted 213,000 final week from a revised 208,000 the earlier week, the Labor Division mentioned Thursday. The overall was barely decrease than the prepandemic common of 218,000 in 2019, when the labor market was additionally tight.

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