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US jobless claims fall to 196K
The number of US unemployment benefit claims decreased to 196,000 for the week ending September 12, reflecting a stable labor market and expectations of flexible employment, although this decline might be linked to difficulties in adjusting the data due to Labor Day holiday. The Department of Labor's data confirmed that the market is recovering from summer fluctuations, while the Federal Reserve raised interest rates for the first time since July 2023, praising the strength of the labor market, which is considered one of the indicators of economic stability.
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