Unemployment claims fall: A welcome sign for America’s slumping job market ...Middle East

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Unemployment claims fall: A welcome sign for America’s slumping job market
By Lucy Bayly, CNN (CNN) — First-time claims for unemployment benefits fell last week, putting some of the worst recession fears on hiatus. Initial claims fell to 233,000 from the prior week’s upwardly revised 250,000, according to Department of Labor data released Thursday. “Anything in that range tends to suggest a fairly healthy labor market,” wrote economist Joseph Brusuelas on X Thursday morning. Economists had expected 240,00 initial claims for unemployment insurance for the week ending August 3. But the report wasn’t all good news for the job market. Thursday’s report also showed that continuing claims, which are filed by people who have received jobless benefits for at l

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