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Global Business News

The Economic Times

Global Business / The Economic Times

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US weekly jobless claims plunge to lowest since 1969

First-time jobless claims in the United States unexpectedly dropped last week. This decline reached the lowest level recorded since September 1969. The number of people on jobless benefit rolls also fell to a six-week low. This stability allows Federal Reserve officials to focus on inflation. The central bank is expected to keep interest rates unchanged next week.

23 Jul 2026 8:51 pm