US Labor Market Shows Resilience as Jobless Claims Decline and Fed Cuts Become More Likely
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#894bba84 ver:2.68

The US labor market shows resilience as jobless claims decline and Fed rate cuts become more likely. Last week, fewer Americans filed for unemployment benefits, with claims falling by 17,000 to 222,000. The four-week average also dropped, indicating a strong labor market. Job vacancies are increasing, but the quit rate is declining, suggesting a cooling labor market. The Fed may cut rates at the September meeting, with a 75% chance according to markets. Monitoring labor market trends and inflation data is crucial for future policy decisions. #USlabormarket #joblessclaims #Fedcuts #resilience...

#newstr #UsLaborMarket #Inflation #EmploymentGrowth #HouseholdEmploymentSurvey #2024Election #UsEconomy #MonetaryPolicy 

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