US Jobless Claims Hit Four-Year High Amid Flood-Related Layoffs
TL;DR Summary
U.S. unemployment claims have risen to their highest level since October 2021, signaling a potential slowdown in the job market and increasing the likelihood of a Federal Reserve rate cut amid sluggish job growth and rising consumer prices.
- Jobless claims reach highest level since 2021, a sign layoffs are rising CBS News
- Jobless Claims Rose Sharply Last Week The Wall Street Journal
- Fed seen on track for rate cuts as job worries eclipse inflation fears Reuters
- The number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years ABC News
- First-time unemployment claims surge to highest level since 2021 — but most of the increase is tied to Texas flooding MarketWatch
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