Jobless claims drop after weak jobs report triggered concerns ...Middle East

Initial unemployment insurance claims dropped last week by 17,000, a small but encouraging sign for overall employment levels as worries about a recession for the U.S. economy are resurfacing. Unemployment claims dropped to 233,000 for the week ending Aug. 3, down from 250,000 the week before, the Labor Department reported Thursday. The four-week moving average increased by 2,500 to 240,750. The previous week's average received an upward revision of 250 to 238,250. The unemployment rate rose to its highest level since October 2021 in July, increasing to 4.3 percent from 4.1 percent June. The economy added 114,000 jobs in July, and payrolls were revised down for June following low

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Last updated : 08 August 2024 clock 06:53 PM

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Jobless claims drop after weak jobs report triggered concerns ...Middle East

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