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U.S. Jobless Claims Edged Lower Last Week

New functions for unemployment advantages inched down final week, an indication the labor market remains tight because the broader financial system exhibits signs of slowing.

Initial jobless claims, a proxy for layoffs, declined to a seasonally adjusted 231,000 final week from a revised 233,000 the week earlier than, the Labor Department stated Thursday. The determine stands simply above the 2019 prepandemic weekly common of 218,000, when the labor market was additionally very sturdy.

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