US unemployment claims rose to 242,000, highest in 10 months, exceeding analyst expectations.

US unemployment claims rose to the highest level in 10 months, reaching 242,000 in a week, indicating potential loosening in the labor market due to high interest rates. The increase of 13,000 claims surpassed the 225,000 new claims analysts anticipated, marking the most significant increase since August 2022.

June 13, 2024
5 Articles