Weekly initial jobless claims rise 242,000, more than expected
Investing.com -- The number of Americans filing for first-time unemployment benefits rose by more than anticipated last week, pointing to a cooling labor market.in the U.S. climbed to 242,000 in the week ended on June 8, an increase from a total of 229,000 in the prior week. Economists had forecast a consensus figure of 225,000.
The four-week moving average, which attempts to account for variances in the weekly figure, edged higher to 227,000 from 222,250. The U.S. labor market had shown signs of cooling, potentially offering the U.S. Federal Reserve some leeway to start cutting interest rates from record levels, but the May jobs report at the start of the month changed the narrative.at its latest policy meeting, which concluded on Wednesday, but officials reined in projections for how aggressively they would cut rates this year, from three 25 basis point rate cuts to just one.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas DPS dedicates memorial to fallen officers at Austin headquartersTexas DPS unveiled a memorial at its Austin HQ to honor 242 officers killed in the line of duty since 1823, with Gov. Abbott praising their sacrifices.
Read more »
Silver Price Analysis: XAG/USD retreats from weekly highs around $30.00Silver prices registered solid gains of 1.45% on Wednesday, as the US Federal Reserve kept monetary policy unchanged while upwardly reviewing its inflation expectations and adjusted its estimates for the federal funds rate.
Read more »
27 Reliable Wardrobe Staples You’ll Wear WeeklyTrends may last a minute, but these will last a lifetime.
Read more »
US Dollar holds weekly gains ahead of Fed and CPI releaseThe US Dollar (USD) trades nearly flat in Wednesday’s European session and holds above the 105.00 level ahead of two key economic events: the US Consumer Price Index (CPI) release for May and the US Federal Reserve (Fed) interest rate decision.
Read more »
Let your freak flag fly at this wildly inclusive weekly L.A. skate partyVibe Ride, a weekly gathering where a diverse crowd skates, dances and connects, is the brainchild of pro longboarder Brandon DesJarlais.
Read more »
ATEEZ, aespa, Zico & Jennie, ILLIT, And More Top Circle Weekly And Monthly ChartsCircle Chart (formerly known as Gaon Chart) has revealed its latest monthly and weekly chart rankings! Monthly Album Chart Despite being released on the very last day of the month (May 31), ATEEZ’s new mini album “GOLDEN HOUR : Part.1” still managed to top the physical album chart for May, which it entered at No.
Read more »