Jobless claims fall to 9-month low of 198,000. Not many layoffs in U.S. economy

Jobless claims fall to 9-month low of 198,000. Not many layoffs in U.S. economy

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The numbers: The number of Americans who applied for unemployment benefits last week fell to a nine-month low of 198,000, defying expectations that layoffs would rise as higher U.S. interest rates pinched the economy. New jobless claims declined from a revised 211,000 in the prior week, the…

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