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-0.000258308937489247 0 -0.00120544170828311 -0.00120544170828311 -0.00279834682279997 -0.00413294299982783 -0.00370242810401234 -0.000258308937489247
Stock impact report

US weekly jobless claims increase more than expected [Yahoo! Finance Canada]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Initial claims for ?state unemployment benefits jumped 22,000 to a seasonally adjusted 231,000 for the week ended January 31, the ?Labor Department said on Thursday. Economists polled by Reuters had forecast 212,000 claims for the latest week. Heavy snow and freezing temperatures blanketed large portions of the country towards the end of January, which could have left some people unemployed temporarily. Claims are also likely rising ?as the volatility at the turn ?of the year washes out of the data. Through the distortions, the labor market remains in what economists call a "low hire, low ?fire" mode, despite recently announced layoffs by United Parcel Service and Amazon.com. Economists have blamed the labor market stasis on uncertainty stemming from import tariffs and the growing popularity of artificial intelligence, which ?they say has left businesses unsure of their staffing needs as they deploy ?more resources towards AI. They are cautiously optimistic job growth will pick Show less Read more
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