US Weekly Jobless Claims Rise to Highest Since June
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The number of Americans filing new applications for jobless benefits rose by the most in about three months last week in an initial signal that layoffs may be picking up and adding to signs the labor market is weakening.
Initial claims for state unemployment benefits climbed 11,000 - the largest increase since late May - to a seasonally adjusted 235,000 for the week ended August 16, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week.
The labor market had split into low firings and tepid hiring as...
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