Reported 7 months ago
The latest jobless claims data from the US Department of Labor for the week ending June 8, 2024, showed a significant increase to 242,000, exceeding expectations of 225,000. Yahoo Finance's analysis highlights the implications of this spike in jobless claims for the labor market, indicating challenges despite a rising unemployment rate. The report also provides insights into how this may affect borrowing rates and the overall economic outlook.
Source: YAHOO