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US Weekly Job Claims Edge Up Slightly amid Robust Labor Market, GDP in Q3 Increases at 4.9%

The Bureau of Economic Analysis reported that GDP increased at a 4.9% annualized rate in Q3, slightly below the previously reported 5.2% pace. The latest report from the United States Labor Department reveals a marginal increase in weekly jobless claims, with the number rising by 2,000 to 205,000 for the week ending December 16. While this uptick might raise eyebrows, it is important to note that the overall trend remains at historically low levels, indicative of a labor market that has...

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