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The Economic Times

National / The Economic Times

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US weekly jobless claims fall amid stable labor market conditions

Initial unemployment claims decreased last week, indicating a stable labor market. Job growth slowed in June, but economists see no major shift. Continuing claims rose, reflecting seasonal school holiday adjustments. Federal Reserve officials noted inflation concerns and stable labor conditions. Policymakers anticipate a potential interest rate hike later this year.

9 Jul 2026 6:44 pm