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Fewer workers apply for jobless aid as layoffs fade
CBSN
Fewer Americans applied for unemployment benefits last week, reflecting a low number of layoffs across the economy.
Jobless claims fell to 215,000 for the week ending February 26, down by 18,000 from the previous week, the Labor Department reported Thursday. It's the lowest weekly level since mid-December, when the Omicron wave pushed up layoffs as businesses closed.
The four-week average for claims, which compensates for weekly volatility, fell by 6,000 to 230,500.
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Billionaire Elon Musk's role in the Trump administration is to find ways to cut costs through the newly created Department of Government Efficiency, or DOGE. But a new court filing from the White House states that the Tesla CEO isn't an employee of DOGE, adding that Musk "has no actual or formal authority to make government decisions himself."
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When Brian Gibbs woke up on Valentine's Day on Friday, it was just another morning of getting to do what he loved at his "dream job" as an education park ranger at Effigy Mounds National Monument in Iowa. By that afternoon, the father and husband said he was "absolutely heartbroken and completely devastated" to have been one of hundreds of National Park Service employees suddenly fired from their jobs.
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In Fresno, California, social media rumors about impending immigration raids at the city's schools left some parents panicking - even though the raids were all hoaxes. In Denver, a real immigration raid at an apartment complex led to scores of students staying home from school, according to a lawsuit. And in Alice, Texas, a school official incorrectly told parents Border Patrol agents might board school buses to check immigration papers.