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LATEST US DATA

US weekly jobless claims fall; labour market momentum slows

Slowdown in broader economic recovery from pandemic is taking place as the boost from fiscal stimulus fades

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Economists are predicting that claims will remain elevated amid a resurgence in new coronavirus cases, which they say could lead to restrictions or more people shunning establishments.

Washington

THE number of Americans filing new claims for jobless benefits declined more than expected last week though they remain extremely high. This indicates a slowdown in the labour market and broader economic recovery from the Covid-19 pandemic as the boost from fiscal stimulus...

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