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US weekly jobless claims fall to 11-month low

general :: 2025-01-08 :: source - reuters

By Lucia Mutikani

WASHINGTON, Jan 8 (Reuters) - The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market, though a slowdown in hiring has led some laid-off workers to experience long bouts of joblessness.

Signs of a steadily cooling labor market could allow the Federal Reserve to keep interest rates unchanged in January against the backdrop of still high inflation. The U.S. central bank last month projected a shallower pace of rate cuts this year than had been forecast in September, when it launched its policy easing cycle.

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