US filings for unemployment benefits inch up slightly but remain historically low
==========
Jobless claims rose by 2,000 to 230,000 for the week of Sept. 7, 2024; four-week average of claims increased by 500 to 230,750; total Americans collecting jobless benefits rose by 5,000 to approximately 1.85 million for the week of Aug. 31; claims averaged 213,000 per week in the first four months of 2024; claims hit 250,000 in late July; employers added 142,000 jobs in August, up from 89,000 in July; revised report shows U.S. economy added 818,000 fewer jobs from April 2023 to March 2024; Fed raised interest rates 11 times in 2022 and 2023 to combat inflation; inflation nearing Fed's 2% target; analysts expect a quarter-point rate cut at next Fed meeting.
#Unemployment #JobMarket #Economy #InterestRates #Inflation #LaborDepartment #JoblessClaims #Employment #FederalReserve #EconomicTrends
https://abcnews.go.com/Business/wireStory/us-filings-unemployment-benefits-inch-slightly-remain-historically-113617788
Oddbean new post about login | logout