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Companies Hold Steady on Hiring Despite Rising Unemployment Claims

The latest Labor Department report shows unemployment claims rose to their highest level since October, reaching 241,000 after an 18,000 increase.

This spike was primarily caused by seasonal school holiday effects in New York state, not tariff concerns.

Despite this increase, large-scale layoffs aren’t happening, as businesses evaluate economic conditions.

Markets responded positively, with stocks set to open higher and Treasury yields declining slightly.

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