Reported about 2 months ago
The latest data shows a slight increase in US jobless claims, rising by 4,000 to a total of 232,000. This comes alongside signs of a gradual cooling of the labor market and overall business activity, suggesting an upcoming interest rate cut by the Federal Reserve. While the unemployment rate is stabilizing, layoffs remain low, pointing to a softening labor market rather than a severe downturn.
Source: YAHOO