business / employment
3 hours ago

US Jobless Claims Up as Unemployment Benefits Hit Three-Year High

US Jobless Claims Up as Unemployment Benefits Hit Three-Year High
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7 Highlights
  • Jobless claims rose to 223,000 last week.
  • Unemployment beneficiaries reached 1.9 million.
  • New claims above analyst prediction of 219,000.
  • Continuing claims indicate job market challenges.
  • Economy grows steadily, but labor weaknesses persist.
  • High-profile job cuts by Meta and others announced.
  • Interest rates unlikely to drop, says Federal Reserve.
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