US Jobless Claims Spike to 10-Month High of 242,000, Raising Concerns about Labor Market
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#275a7504 ver:1.94

US jobless claims spike to a 10-month high of 242,000, raising concerns about the labor market. The unexpected increase in claims, coupled with a rising unemployment rate of 4%, suggests a potential slowdown in hiring and fewer workers leaving their jobs. This data challenges the prevailing belief of lower interest rates and raises doubts about the feasibility of rate cuts by the Federal Reserve. #joblessclaims #labormarket #unemployment #interestrates...

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

 https://here.news/story/275a7504?ver=1.94