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Claims Exceed Forecasts

Claims Exceed Forecasts

U.S. initial jobless claims rose by 9,000 to 200,000 in the week ended November 7, exceeding economists’ expectations of 195,000. Despite the increase, claims have remained at or below 200,000 since mid-September, while continuing claims fell by 20,000 to 1.697 million in the week ended October 31. This coincided with unemployment falling to 4.1% in October, as economists remained divided over whether the low claims figures reflect a tight labor market or a shrinking workforce.

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