US Jobless Claims Inch Up Modestly as Continuing Claims Rise for Ninth Straight Week
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#894bba84 ver:1.69

The number of Americans filing for unemployment benefits increased slightly last week, while the total number of people collecting jobless benefits continues to rise. This suggests a waning demand for workers, as some individuals receiving benefits struggle to find new jobs. The Federal Reserve's rate-hiking campaign aimed to cool off the labor market and slow wage growth, but it has not triggered a recession. Investors are now betting on a rate cut at the Fed's September meeting. #JoblessClaims #UnemploymentBenefits #LaborMarket...

#newstr #UsJoblessClaims #UnemploymentBenefits #FederalReserve 

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