US economy | WRAL TechWire

US economy

Just how strong is job market? Unemployment claims drop but new report shows 300,000 fewer jobs created

Applications for unemployment benefits fell again last week as America’s labor market continues to hum along despite attempts by the Federal Reserve to cool the economy and bring down inflation that’s still higher than optimal. However other data shows the US created fewer jobs – more than 300,000 – than reported earlier. Here’s a look at what’s happening.

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