Reported about 1 month ago
Recent jobless claims from the Department of Labor show a decrease to 231,000 for the week ending August 24, indicating a stable economy despite revised employment figures suggesting fewer jobs were created than previously reported. Expert David Miller emphasizes the overall health of the economy, highlighting demand for low-income labor, while forecasting slow GDP growth due to past interest rate hikes. He anticipates Federal Reserve rate cuts in September, which could lead to improved growth in the future.
Source: YAHOO