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Fewer Americans file for jobless claims as US labor market continues to defy elevated interest rates

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The number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates.

A hiring sign is displayed at a restaurant in Mount Prospect, Ill., Tuesday, Aug. 27, 2024.

Weekly filings for unemployment benefits, which are considered a proxy for layoffs, remain low by historic standards. They have ticked up in recent months though.

 

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