Fewer unemployment claims as US sees strong job market

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The Fed kept their benchmark rate unchanged for a fifth straight time, but warned of changes in the future that may impact loan rates.

Even with the strong numbers, economists expect some tightening in the jobs market this year given the surprising growth of the U.S. economy last year and in 2024.NEW YORK — The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security.

Overall, 1.8 million Americans were collecting unemployment benefits the week that ended March 16, up 24,000 from the week before.

 

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