US Jobless Claims Inch Up Modestly, Reaching New Highs
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#894bba84 ver:1.7

The number of Americans filing for unemployment benefits increased by 4,000 to 238,000 last week, while the total number of people collecting jobless benefits rose for the ninth straight week to 1.86 million. This suggests a waning demand for workers, despite the relatively modest number of new claims. The Federal Reserve's rate hikes have not triggered a recession, but investors are betting on a rate cut at the Fed's September meeting. The June jobs report will provide further insight into the state of the US job market. #JoblessClaims #Unemployment #Economy...

#newstr #UsLaborMarket #JoblessClaims #UnemploymentBenefits #FederalReserve 

 https://here.news/story/894bba84?ver=1.7