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U.S. jobless claims held near all-time lows last week

New jobless claims fell last week and hovered near historic lows, a sign that the U.S. labor market remains tight despite signs of an economic slowdown.

Initial jobless claims, an indicator of layoffs, fell to a seasonally adjusted 229,000 last week from a revised level of 231,000 the previous week, the Labor Department said Thursday. That’s slightly above 2019’s pre-pandemic weekly average of 218,000, when the labor market was also historically tight.