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

The Hill - News
Jobless claims drop after weak jobs report triggered concerns
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

Hence then, the article about jobless claims drop after weak jobs report triggered concerns was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Jobless claims drop after weak jobs report triggered concerns )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News