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21.08.202512:37:27UTC+00US Initial Jobless Claims Rise to 8-Week High

In the second week of August, the United States experienced a considerable rise in initial jobless claims, which increased by 11,000 from the prior week, reaching a total of 235,000. This figure surpassed market expectations, which had anticipated 225,000 claims, and marked the steepest one-week increase observed in the last eight weeks. Simultaneously, continuing claims climbed by 30,000, totaling 1,972,000 in the first week of August, exceeding projections of 1,960,000 and reaching their highest level since late 2021. These findings are part of a series of data indicating a slowdown in the US labor market, a situation that is intensified by subdued hiring activity and rising continuing claims.

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