Weekly jobless claims edged up last week, but the labor market remains robust | CNN Business

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First-time applications for unemployment benefits rose last week to 196,000, a slightly higher total than the 190,000 that economists were expecting — but still a historically low number

Despite widely publicized layoffs from tech giants, media companies and the financial sector in recent weeks, the US labor market remains robust after eight rate hikes in 11 months meant to cool the economy. Federal Reserve Chairman Jerome Powell vowed on Tuesday to continue hiking interest rates as long as necessary to tamp down historic inflation.

In a State of the Union speech on Tuesday, President Joe Biden noted that the US economy has gained more than 12 million jobs since he took office one year into the pandemic. Last week’s jobs report data showed a whopping 517,000 positions were added in January, with widespread job gains across several sectors. With 1.

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What’s the totally number not added new ones

Nope. Impossible. Biden said he created 15 billion jobs.

REPUBLICANS must be going into their excuse locker right about now.

Again Joe Biden turn on loud noise in apartment at night, not allow me sleep and rest. 10/02/2023 Nikolai

But we were told about all the jobs created under Biden Surely unemployment can’t be increasing with all those new jobs

I feel like unemployment numbers are soooo arbitrary

CNN spinneymcspinface.

GOP mad.

JOE COWARD PEDOPHILE BIDEN and his incompetence shine again! I pity you poor b......

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