7,000 fewer Americans filed for unemployment benefits last week, dropping to 227,000.
7,000 fewer Americans filed for unemployment benefits last week, falling to 227,000, indicating a resilient job market despite high interest rates. The four-week average of claims decreased by 4,500 to 236,500. Although the job market remains stable, monthly job openings have decreased since March 2022, and employers added only 114,000 jobs in July. The Federal Reserve is expected to start cutting rates at its September meeting as economic indicators show signs of slowing.
August 15, 2024
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