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Initial Claims for Unemployment Fall by 9,000 as Labor Market Remains Stable

  • The number of initial claims for unemployment insurance in the U.S. fell by 9,000, signaling a stable labor market.
  • The four-week moving average declined by 2,500 and was the lowest in two months.
  • Unemployment expectations, indicating higher unemployment in the coming months, increased in March.
  • The insured unemployment rate remained at 1.2%.

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