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Source:
Los Angeles Times
Unemployment aid claims fall to low
Applications for unemployment benefits in the U.S. decreased to the lowest level in over 50 years, with 187,000 claims for the week ending July 18, indicating a historically strong labor market. Despite rising oil prices and increased fuel costs, layoffs remain low, though analysts warn prolonged energy shocks could impact employment. Recent limited hiring and notable layoffs at major companies suggest cautiousness amid ongoing economic uncertainty.
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