U.S. filings for unemployment benefits rose again last week and appear to be settling consistently at a slightly higher though still healthy level.
U.S. filings for unemployment benefits rose again last week and appear to be settling consistently at a slightly higher though still healthy level that the
The Fed asked to see more evidence of a cooling economy, and for the most part, they've gotten it," said Chris Larkin, managing director of trading and investing at E-Trade. "Add today's weekly jobless claims to the list of rate-cut-friendly data points." The total number of Americans collecting unemployment benefits rose after declining last week for the first time in 10 weeks. About 1.87 million Americans were collecting jobless benefits for the week of July 6, around 20,000 more than the previous week. That's the most since November of 2021.
And there have been job cuts in a range of sectors in recent months, from the agricultural manufacturer Deere, to media outlets like CNN, and elsewhere.
Federal Reserve Unemployment Benefits Labor Market Inflation Rate Hikes Economy Layoffs
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