Jobless Claims Dip Slightly While Economic Growth, Hiring Remain Strong
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Slightly fewer Americans applied for jobless claims last week, indicating the labor market remains strong despite high interest rates.
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Jobless claim applications fell by 3,000 to 217,000 for the week ending Nov. 4.
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1.83 million people were collecting unemployment benefits the week ending Oct. 28, about 22,000 more than the previous week.
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U.S. economic growth surged in the third quarter on robust consumer spending.
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U.S. private employers added 150,000 jobs in October, showing companies still want to hire and the economy remains sturdy.