Unemployment Claims Edge Up Slightly But Job Market Remains Strong Despite Fed Rate Hikes
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Unemployment claims rose slightly last week but remain low by historical standards despite Fed interest rate hikes.
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Jobless claim applications suggest layoffs remain low even as Fed tries to cool economy and curb inflation.
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Number of people collecting unemployment benefits ticked up, indicating some unemployed having harder time finding work.
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Job openings, hiring and payrolls all still strong, showing labor market resilience amid Fed tightening.
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October jobs report coming Friday after September saw robust hiring, low layoffs and unemployment rate edge up due to more people job searching.
