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Story summary
- U.S. unemployment claims rose to 219,000 for the week ending April 4, up 16,000 and above expectations.
- The rise comes amid a two-week ceasefire among Iran, Israel, and the U.S. that briefly lowered oil prices.
- Skepticism about the deal's durability led to oil-price fluctuations, affecting inflation and the job market.
- Oracle and Disney announced job cuts.
- March added 178,000 jobs, but hiring slowed.
