Reported 6 months ago
Weekly jobless claims in the US rose by 8,000, reaching 229,000 for the week ending June 1, while unit labor costs in the first quarter were revised down, showing slower growth than previously estimated. Continuing claims also increased slightly. Economic data also showed a decline in job openings in April, with fewer job cuts announced in May compared to last year. Additionally, US trade deficit widened in April due to increased imports, likely impacting economic growth in the second quarter.
Source: YAHOO