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.
According to Bloomberg, a recent in-depth interview with Michael Dehal, senior portfolio manager at Raymond James' Dehal Investment Partnership, was released, focusing on the economic development prospects and potential risks of Canada and the United States in 2026.
According to Bloomberg, a recent in-depth interview with Mi…
TikTok Shop, the global e-commerce platform under ByteDance…
As a severe flu outbreak sweeps across the United States, w…
Recently, US Treasury Secretary Mnuchin publicly stated tha…
At the dawn of 2026, the United States launched a military …
From the stiff step when it first debuted in 2022 to demons…
© Copyright 2026, All Rights Reserved
