The number of Americans filing new claims for unemployment benefits rose last week to the highest level in 11 months, pointing to some weakness in the Labour market.
Reuters reports that the Labor Department said Thursday that initial claims for unemployment benefits rose by 14,000 to a seasonally adjusted 249,000 in the week ended July 27, the highest level since August.
Economists polled by Reuters forecast 236,000 jobless claims for the latest week.
Jobless claims have been trending higher since June, partly due to the temporary closure of auto plants for restructuring and the impact of Hurricane Beryl in Texas.
Government data released Tuesday showed layoffs in June were the lowest in more than two years.
Federal Reserve Chairman Jerome Powell told reporters Wednesday that while he sees changes in the labor market as "broadly consistent with the normalization process," policymakers are watching closely to see if other signs begin to show.
On January 4th local time, Trump warned India that if it does not limit its purchase of Russian oil, the United States will continue to raise tariffs on Indian products. Trump's latest warning sent shockwaves through the Indian financial market in just one day.
On January 4th local time, Trump warned India that if it do…
In October 2025, the US trade deficit narrowed unexpectedly…
According to the British media CoinJournal, recently, due t…
In January 2026, US President Trump once again set his sigh…
Europe is facing a crucial strategic choice: In the face of…
On New Year's Day 2026, BMW China announced a "systematic v…
© Copyright 2026, All Rights Reserved
