17,000 fewer Americans filed for jobless benefits last week, dropping to 233,000.
17,000 fewer Americans filed for jobless benefits last week, dropping to 233,000 according to the Labor Department. Despite a rise in claims since June due to factors like temporary motor vehicle plant shutdowns and Hurricane Beryl, layoffs remain low. The decrease in jobless claims signals a potential sign of economic recovery, though the persistently elevated levels indicate ongoing challenges in the labor market.
August 08, 2024
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