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Jobless Claims Hit Lowest Level Since September 2022

The US Labor Department reported on Thursday that jobless claim applications fell to 187,000 for the week ending January 13; a decline of 16,000 claims from the previous week. This is the lowest level of applications for unemployment benefits reported since September 2022. On a...

Futures Remain Steady Ahead of Jobs Data

Futures on the New York Stock Exchange remained steady on Thursday as investors braced themselves for the release of this week's U.S. weekly jobless claims report on Friday. Futures on the S&P 500 edged 0.1% lower, while those on the Dow Jones Industrial Average...

U.S. Weekly Jobless Claims Fall Unexpectedly

The U.S. Labor Department released its latest weekly U.S. jobless claims report on Thursday, revealing that claims for state unemployment benefits fell by 12,000 to a seasonally adjusted 237,000 claims in the week ending June 8. This indicates a strengthening U.S. labor market. Although the...

U.S. Economy Emerges Stronger Than Expected According to Latest Data

The U.S. economy is performing better than expected, according to the latest round of economic data that was released this week. This positive development comes despite concerns about consumer spending. Retail sales rose by 0.3% on a month-over-month basis, thereby outperforming an expected decline of...

Labor Market Remains Strong as Jobless Claims Fall

The U.S. labor market remains strong despite weaknesses in other areas of the economy, this week's latest jobless claims report indicated. This comes after the national unemployment rate came in at 3.5%; marginally higher than January's half-century low of 3.4%. Data from the Department of...

U.S. Unemployment Insurance Claims on the Rise, Highest in 15 Months

The most recent report by the U.S. Department of Labor shows that weekly unemployment insurance claims have been on the rise across the nation. The number of jobless claims reached 239,000 last week, which is the highest mark since January 2022. The jobless claims have...