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flag US jobless claims rise to 223,000, hinting at struggles in job market despite strong hiring.

flag Jobless claims in the US rose by 6,000 to 223,000 last week, with the total number of Americans receiving unemployment benefits hitting 1.9 million, the highest since November 2021. flag Despite strong job growth in December, with 256,000 jobs added and unemployment falling to 4.1%, the increase in continuing claims suggests some workers are struggling to find new jobs. flag The Federal Reserve is less likely to cut borrowing costs due to solid jobs figures.

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