U.S. filings for unemployment benefits rose again last week and appear to be settling consistently at a slightly higher though still healthy level
A hiring sign is seen in Wheeling, Ill., Wednesday, July 10, 2024. On Thursday, July 18, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. that theJobless claims for the week ending July 13 rose by 20,000 to 243,000 from 223,000 the previous week, the Labor Department reported Thursday. It's the eighth straight week claims came in above 220,000.
Few analysts expect the Fed to cut rates at its meeting later this month, however most are betting on a cut in September. Continuing claims have been on the rise in recent months, suggesting that some Americans receiving unemployment benefits are finding it more challenging to land jobs.
Labor Government Programs U.S. News General News Article 112060209
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