212,000 US weekly jobless claims remain steady, reflecting a robust labor market despite Fed's interest rate hikes.
US weekly jobless claims remained steady at 212,000, reflecting a robust labor market. The Labor Department reported that unemployment claims for the week ending April 13 were unchanged from the previous week. This comes despite the Federal Reserve's ongoing efforts to cool the labor market through interest rate hikes. Economists predict that the Fed may delay cutting interest rates until September due to the resilient labor market and elevated inflation.
April 18, 2024
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