Jobless claims drop to 8-week low. Hiring has slowed, but layoffs aren’t rising.

Jobless claims drop to 8-week low. Hiring has slowed, but layoffs aren’t rising.
By: market watch Posted On: September 05, 2024 View: 16

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The number of Americans who applied for unemployment benefits last week fell slightly to 227,000 and touched a 8-week low, reinforcing the view that companies are reluctant to lay off workers even as they clamp down on new hiring.

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