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US jobless claims plunge to five-month low despite Fed rate hikes

2 monthes ago   |   By New York Post

The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains resilient despite rising headwinds from the Federal Reserve's stiff interest rate increases and slowing demand. The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on the economy's...
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