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US Job Market is Dying as Unemployment Claims Hit 10-Month High

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The number of Americans applying for unemployment benefits rose again last week, the week ended February 23, after an exceedingly volatile month which saw initial claims hit a one-year high on average at one point. Continuing claims have hit a 10-month high, leading to concerns of a labor market slowdown despite strong performance compared to historical employment levels. Initial claims rose by 8,000 to 225,000 vs 220,000 – 224,000 expected. Initial Claims: A Key Measure of Layoffs Initial jobless claims rose by 8,000 after dipping the previous week from a one-year high which stunned the markets. The four-week moving average

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