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US jobless claims drop, allaying concerns about labor market

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US jobless claims drop, allaying concerns about labor market


Applications for US unemployment benefits fell last week and returned to muted levels seen at the start of the year, offering some relief after other reports pointed to worsening labor-market conditions. Initial claims decreased by 21,000 to 221,000 in the week ended March 1, lower than analysts anticipated. However continuing claims, a proxy for the […]



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