showed nearly 1.84 million claims were filed in the week ending June 22, up from 1.82 million the week prior. Meanwhile, the 4-week moving average of weekly jobless claims ticked higher by 3,000 to 236,000, the highest rate since September 2023.
"A persistent rise in initial claims would signal more weakness in the labor market and a larger rise in the unemployment rate than we currently expect and would add more support to our case for the Fed to start lowering rates in September," Vanden Houten wrote in a note on Thursday.in inflation's path lower before cutting interest rates.
"I just don't think the Fed wants to really push the weakening in labor demand that much more," Dutta said. "The labor market for us is the key to the markets," Cit's head of equity trading strategy Stuart Kaiser told Yahoo Finance. Sandy Hook victim's brother is 'shocked' that a letter Trump once sent him turned up in a Mar-a-Lago evidence photo
US Navy nuclear ballistic missile submarine surfaces off Norway in unusual flex as 'Doomsday' plane flies overhead