Weekly Jobless Claims Remain Near 3-Month Low

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Business

Planned job cuts surged in July, driven by DOGE-related actions, tariff fears, and artificial intelligence.

The number of individuals filing new applications for unemployment benefits ticked up last week for the first time since early June.

According to the Department of Labor, initial jobless claims rose by 1,000, to 218,000 for the week that ended on July 26, remaining close to a three-month low.

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