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US saw more applications for unemployment benefits last week, despite historically low layoffs – Times of India

US saw more applications for unemployment benefits last week, despite historically low layoffs – Times of India

The number of Americans applying for unemployment benefits spiked last week, though the job market is majorly healthy, with layoffs reduced to a historic low.According to the labour department, applications for jobless benefits increased by 14,000 for the week ending 11 January, against 203,000 in the previous week. This marked the lowest number since February last year.The four-week moving average, …

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