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Jobless claims fall to lowest level since mid-May

The UK unemployment rate has unexpectedly gone up while the number of job vacancies has fallen to its lowest level in five years as the initial impact of the Iran war on firms starts to be felt.

Markets

Jobless claims stay low in latest week

US jobless claims rose to 215,000 last week, but layoffs remain near historic lows, signalling continued workforce stability. While employers are largely retaining workers, rising continuing claims suggest hiring remain…