U.S. jobless claims hit 258,000, the highest in over a year, due to layoffs, economic challenges, and possibly Hurricane Helene.
U.S. jobless claims rose sharply to 258,000, marking the highest level in over a year. This increase of 33,000 applications suggests potential strain in the labor market, attributed to factors like layoffs and economic challenges. Analysts also indicate that Hurricane Helene may have contributed to this surge. The rise in claims points to a possible softening in employment opportunities, despite ongoing economic recovery.
October 10, 2024
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