Reported about 2 months ago
Recent data indicates that the labor market is cooling but stabilizing, as initial unemployment claims remain relatively flat. Economists expect the Federal Reserve may proceed with a modest 25 basis point rate cut in September, contingent on further economic indicators, particularly the upcoming jobs report. While continuing jobless claims have risen to their highest since November 2021, analysts suggest the current trends reflect a labor market easing without a significant deterioration.
Source: YAHOO