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Story summary
- Unemployment benefits claims rose by 44,000 to 236,000 for the week ending December 6, surpassing expectations.
- Federal Reserve Chair Jerome Powell expressed concerns about the job market's strength, suggesting losses could be higher than reported.
- The unemployment rate rose to 4.4%, the highest in four years.
- November's jobs data release was delayed due to a government shutdown, leaving uncertainty about the impact of layoffs at UPS and General Motors.
