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LATEST US DATA

US jobless claims near 44-½ year low

Data supports expectations of a sharp rebound in job growth in October

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A tightening labour market and improving productivity will likely strengthen the case for the Federal Reserve raising interest rates in December, despite wage pressures remaining tame.

Washington

THE number of Americans filing for unemployment benefits fell to a near 44-½ year low last week, supporting expectations of a sharp rebound in job growth in October after employment was depressed by hurricane-related disruptions in September.

Other data on Thursday

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