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U.S. Jobless Claims Held Near Historic Lows Last Week
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New applications for unemployment benefits ticked down last week and hovered near historic lows, a sign the U.S. labor market remains tight despite indications of an economic slowdown.Initial jobless claims, a proxy for layoffs, fell to a seasonally adjusted 229,000 last week from the previous week’s revised level of 231,000, the Labor Department said Thursday.
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