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US weekly jobless claims rise more than expected

IndiaTimes Thursday, 16 November 2023
The number of Americans filing for unemployment benefits rose more than expected last week, indicating that the labor market is continuing to weaken. Job growth has slowed and the unemployment rate has risen. However, economists believe that the increase in the jobless rate is not necessarily a bad sign as it is due to an expansion in the labor force rather than a decline in employment.
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