Reported 1 day ago
The number of Americans filing for unemployment benefits rose unexpectedly to 240,000 last week, signaling a potential softening in the labor market as layoffs increase due to economic uncertainties. Despite worker retention efforts post-COVID, continuing claims also rose, indicating companies' reluctance to hire amid unstable conditions influenced by trade policies. Economists predict jobless claims might exceed previous ranges in June, reflecting ongoing challenges in the economy.
Source: YAHOO