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U.S. jobless claims fall more than expected
U.S. unemployment benefit claims declined more than expected last week, decreasing by 12,000 to 215,000 after seasonal adjustments. This is the lowest level in quite some time, with the unemployment rate remaining at 4.3%. Despite the continued sluggish pace of job creation, the data indicate that the labor market is stable and there are no signs of widespread layoffs.
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