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flag U.S. jobless claims dropped to 205,000, but hiring slowed and unemployment rose to 4.4% due to past rate hikes and inflation.

flag U.S. jobless claims fell to 205,000 for the week ending March 14, below the 215,000 forecast, with the four-week average at 210,750, signaling continued labor market stability. flag Despite low layoffs, hiring has slowed, and revised data showed a loss of 69,000 jobs in December and January, pushing the unemployment rate to 4.4%. flag Persistent inflation, with the Fed’s preferred measure rising 2.8% in January, and Middle East tensions driving oil prices have led the Federal Reserve to hold interest rates steady, citing uncertainty. flag Economists describe the labor market as stagnant, with slow hiring due to past rate hikes and ongoing policy uncertainty.

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