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flag US jobless claims drop to 229,000, signaling employers retain staff amid economic slowdown.

flag US jobless applications fell last week to 229,000, a drop of 5,000, showing employers are retaining staff despite a slowing economy. flag The unemployment rate remains low at 4.2%, but hiring has weakened, leading to a "no hire, no fire" economy. flag The Federal Reserve is considering cutting interest rates at its September meeting, potentially lowering borrowing costs like mortgages and auto loans.

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