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US weekly jobless claims increase more than expected; labor market remains stable
Despite high-profile job cuts by technology firms related to the adoption of artificial intelligence, layoffs have remained low, confining claims to a 190,000-230,000 range this year.
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zerohedge.com
Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years
In May, Artificial Intelligence (AI) led all reasons for job cuts for the third month in a row, with 38,579 announced cuts...
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qz.com
US weekly jobless claims rise to 225,000, above forecasts
The four-week moving average also rose, but continuing claims fell and the insured unemployment rate held steady at 1.2%
