Reported 2 days ago
The number of Americans filing for unemployment benefits dropped by 22,000 to 220,000 for the week ending Dec. 14, following a significant increase the previous week. Continuing claims also fell to 1.87 million, suggesting a healthier job market despite recent softening. Job openings increased to 7.7 million in October, showing businesses are actively seeking workers. The Federal Reserve has been adjusting interest rates in response to inflation, with recent projections suggesting only two rate cuts in 2025.
Source: YAHOO