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Jobless claims drop to three-week low of 214,000 as Hurricane Ian effects fade

Por: MarketWatch Business October 20, 2022

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The number of people applying for jobless benefits is one of the best barometers of whether the economy is getting better or worse. New unemployment filings had crept higher in the past month, but they are extremely low and signal the labor market is still tight. Big picture: The economy is headed for turbulent times, possibly even recession. The reason? Rapidly rising interest rates. The Federal Reserve has lifted the cost of borrowing to... + full article



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