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U.S. Initial Jobless Claims Drop to Lowest Level Since November Last Year
According to BlockBeats, on January 15, data from the U.S. Department of Labor showed that the number of new claims for unemployment benefits fell to the lowest level since November last year. In the week ending January 10, the number decreased by 9,000 to 198,000, below all expectations. Analysts believe this may reflect the challenges of adjusting for holiday seasonal fluctuations. The labor market has seen little change, with low layoffs and slow hiring.
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