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Ben Sparham
Jobless Claims Data Signals Strong Labor Market and Potential Rate Hike

Jobless Claims Data Signals Strong Labor Market and Potential Rate Hike

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Ben Sparham
Sep 28, 2023
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Ben Sparham
Ben Sparham
Jobless Claims Data Signals Strong Labor Market and Potential Rate Hike
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The latest jobless claims data has once again put the spotlight on the strength of the U.S. labor market. For the week ending September 23rd, initial jobless claims rose by 2,000 to 204,000, slightly higher than the market's expectation of 215,000 but still maintaining a healthy position. This figure, when compared to the previous week's revised 202,000…

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