US unemployment claims increased by 20,000 to 243,000 last week, surpassing economists' expectations.

Unemployment claims in the US increased by 20,000 to 243,000 last week, surpassing economists' expectations of 230,000, according to the US Department of Labor. This marks the eighth consecutive week that claims have exceeded 220,000, as the US labor market shows signs of cooling. These rising jobless claims could potentially lead to the Federal Reserve lowering interest rates.

July 17, 2024
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