The number of Americans filing new claims for unemployment benefits fell last week, showing widespread layoffs remain low despite a surge in technology-sector job cuts that has raised fears of an imminent recession.The US Department of Labor’s weekly jobless claims report, released Thursday and giving the most timely data on the economy’s health, suggested the labour market remained tight. That, together with solid consumer spending, keeps the Federal Reserve on track to continue raising interest rates, though at a slower pace amid signs inflation was starting to subside.“This is a testimony to how tight the labour market remains,” said Robert Frick, corporate economist at Navy Federal Credit Union in Vienna, Virginia.
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