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US jobless claims hover near 57-year low
WASHINGTON: The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite a sharp slowdown in job growth in September. Weekly jobless claims have now remained near 57-year lows for four straight weeks, the report from the Labor Department showed on Thursday, amid historically low layoffs. Though employers are hoarding workers against the backdrop of strong profit growth and stock market performance, they have remained hesitant to add to headcount, making it harder for those who lose their jobs to find new opportunities....
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