Reported about 3 hours ago
The number of Americans filing for unemployment benefits dropped by 2,000 to 213,000, remaining close to seven-month lows, while continuing claims rose by 9,000 to 1.91 million, the highest since November 2021. Despite a strong economy with a 2.8% growth rate in the third quarter, the increase in continuing claims indicates that those receiving benefits face challenges finding new jobs. The Federal Reserve is cautious about adjusting interest rates in response to these mixed signals.
Source: YAHOO