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flag U.S. jobless claims dropped to 217,000, but unemployment rose to 4.3% amid hiring slump and government shutdown.

flag Weekly initial jobless claims in the U.S. fell to an estimated 217,000 for the week ending October 11, according to JPMorgan and Goldman Sachs, reflecting low layoffs despite weak hiring. flag The government shutdown, now in its third week, has halted official data collection, so estimates rely on state-level filings and historical trends, with data unavailable for four states. flag Continuing claims remained near 1.92 million, and the unemployment rate rose to nearly 4.3% in August, the highest in nearly four years, signaling persistent labor market stagnation.

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