US Unemployment Claims Drop to 57-Year Low
The number of Americans applying for unemployment benefits decreased last week, reaching 197,000 compared to 198,000 the week before. This is close to its lowest level in 57 years. This decline reflects a resilient labor market, despite rising energy prices and tensions with Iran. Companies continue to hire modestly, adding about 80,000 jobs per month so far this year, with expectations of 52,500 new jobs in September, and the unemployment rate remaining steady at 4.1%.
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