Open Demo Account
Home / Market Update / A sudden drop in US weekly jobless claims

A sudden drop in US weekly jobless claims

Adel 13 July, 2023 5:17 pm Market Update

The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, indicating a persistent labor shortage in some sectors of the market even as job growth slowed.

On Thursday, the Labor Department said first-time jobless claims fell by 12,000 jobs to 237,000 when adjusted for seasonal factors in the week ending July 8.

Economists polled by Reuters had forecast 250,000 claims in the latest week.

Tags

Check Also

Weekly Recap: Fed Hawkishness Shakes Stocks, Dollar Strengthens

US stocks had a volatile week, with a sharp decline on Wednesday, followed by recovery …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends