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flag US jobless claims hit a near-year low, but job growth has slowed, with unemployment rising to 4.2%.

flag US jobless claims fell to 201,000 for the week ending January 4, the lowest level in nearly a year, indicating a stable labor market. flag Despite this, the number of people receiving unemployment benefits rose by 33,000 to 1.87 million. flag The job market has slowed, with employers adding an average of 180,000 jobs monthly in 2024, down from previous years, and the unemployment rate is 4.2%, up from 3.4% in 2023.

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