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28.08.202512:41:11UTC+00US Initial Jobless Claims Ease

Initial jobless claims in the United States experienced a slight decline, dropping by 5,000 to 229,000 for the week ending August 23, compared to the eight-week high observed the previous week. This figure was slightly below the market forecast of 230,000. Concurrently, continuing jobless claims decreased by 7,000, bringing the total to 1,954,000 from the near three-year peak observed the prior week. These outcomes did not indicate a quickening downturn in the U.S. labor market, but they did underscore persistent concerns about potential softening due to slower hiring rates. Notably, initial claims filed by federal employees, a topic of interest following recent layoffs by the Department of Government Efficiency (DOGE), decreased by 54 to 581 from the four-month peak reported the week before.

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