Unemployment claims hit a six-month low, signaling a stable job market as the Fed aims to curb inflation.

The number of Americans filing for unemployment benefits reached a six-month low of 217,000 for the week of November 9, below analysts' forecasts. The four-week average also fell to 221,000, suggesting a stable labor market. The Federal Reserve is shifting focus to support job growth while aiming to reduce inflation without causing a recession. Inflation has been gradually declining, nearing the Fed's 2% target.

November 14, 2024
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