U.S. unemployment claims rose by 2,000 to 230,000 for the week ending September 7.
For the week ending September 7, U.S. unemployment claims rose by 2,000 to 230,000, indicating a slight cooling in the labor market. Despite elevated interest rates over the past two years, layoffs remain historically low, with total jobless benefit recipients at about 1.85 million. The Federal Reserve is anticipated to implement a modest interest rate cut next week in response to recent economic trends, including easing inflation.
September 12, 2024
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