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flag US unemployment claims unexpectedly rise to 242,000, hinting at labor market slowdown.

flag The number of Americans filing new unemployment claims unexpectedly rose by 17,000 to 242,000 last week, surpassing economists' forecast of 220,000. flag This increase may reflect post-Thanksgiving volatility and a potential slowdown in the labor market. flag Despite the rise, claims remain low historically. flag The unemployment rate inched up to 4.2%, and the Federal Reserve is expected to cut interest rates next week, likely its third reduction since September.

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