242,000 US jobless claims hit a 10-month high on 8 June, surpassing predictions and marking the largest increase since August 2021.

242,000 US jobless claims hit a 10-month high in the week ending 8 June, surpassing analyst predictions and marking the most significant increase since August 2021. Despite remaining within a healthy range, sustained layoffs at this level could influence Federal Reserve officials when considering interest rate decisions. The Fed has raised interest rates 11 times since March 2022 to combat high inflation.

June 13, 2024
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