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flag U.S. jobless claims rise, signaling a weakening labor market with fewer jobs added in July.

flag U.S. jobless claims rose by 11,000 to 235,000 last week, slightly higher than predicted, but layoffs remain low. flag Despite this, the labor market is showing signs of weakening, with only 73,000 jobs added in July and the unemployment rate increasing to 4.2%. flag The total number of people receiving unemployment benefits reached 1.97 million, the highest since November 2021. flag Major companies have announced job cuts recently.

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