US Jobless Claims Rise to Highest Level in 9 Months, Led by California
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The latest US jobless claims data reveals a spike in unemployment benefit applications, reaching the highest level in 10 months. Initial claims rose to 242,000, exceeding expectations, and the four-week average increased to 227,000. The rise in jobless claims suggests a potential slowdown in hiring and a loosening labor market. This unexpected data challenges the prevailing belief of lower interest rates and raises doubts about the feasibility of rate cuts by the Federal Reserve. The increase in claims may influence the Fed's interest rate decisions. #JoblessClaims #LaborMarket #FederalReserve...

#newstr #JoblessClaims #Unemployment #LaborMarket #FederalReserve #InterestRates 

 https://here.news/story/275a7504?ver=1.89