US unemployment claims decreased to 235,000 last week, but remain above 220,000 for the ninth consecutive week.
Unemployment claims in the US decreased last week, with 235,000 filings, marking the ninth consecutive week above 220,000. The four-week average rose slightly to 235,250. Despite the decline, applications remain at elevated levels, indicating ongoing challenges in the labor market. The Federal Reserve raised its borrowing rate 11 times since March 2022 to combat inflation, while some analysts anticipate a rate cut in September.
July 25, 2024
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