US jobless claims fall more than expected
American data shows that weekly jobless claims declined more than expected last week, decreasing by 12,000 to 215,000 claims, partly due to the "Juneteenth" holiday. Nevertheless, the U.S. labor market remained generally stable, with the unemployment rate steady at 4.3% and the median duration of unemployment holding at 11.6 weeks, as companies remain cautious about widespread layoffs amidst ongoing economic challenges.
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