An employment sign is seen on the window of a department store on August 02, 2024 in New York City.Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening.
While the top-line number helped allay some fears, the level of continuing claims, which run a week behind, edged higher to 1.875 million, the highest since Nov. 27, 2021.
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