U.S. Jobless Claims Beat Expectations, Further Evidence of Labor Market Softening
Last week, July 18, U.S. jobless claims rose the most since early May, and continuing claims rose sharply, further evidence that the labor market is softening. Continuing claims rose by 20,000 to 1.87 million in the week ending July 6, the highest level since November 2021.2 The number of people claiming unemployment benefits rose by 1.8 million in the week ending July 6, the highest level since November 2021.3 There are large weekly fluctuations in jobless claims at this stage of the year, either due to holidays such as Independence Day and the summer closure of schools.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
pump.fun Cumulative Revenue Surpasses $100 Million, Accumulates 1.1 Million Tokens Launched
Symbiotic TVL tops $1.6 billion, up 32.68% in past month
UniSat: Public Mining Pool FairPool Now Online on Fractal Test Site