The number of Americans filing new applications for unemployment benefits last week rose slightly to 230,000, matching economists’ expectations as the US job market continues to cool.
The central bank has maintained its benchmark overnight interest rate in the current 5.25%-5.50% range for a year, having raised it by 525 basis points in 2022 and 2023.Though economists forecast the US would face a recession after the series of rate hikes, easing inflation has spurred hopes that the Fed will be able to deliver a soft landing.
But higher-than-expected core inflation figures reported Wednesday morning seemingly dashed hopes for the 50-basis point cut — equal to half a percentage point — that traders were vying for versus the more typical 25-basis point cut.
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Fewer Americans file for jobless claims as US labor market continues to defy elevated interest ratesThe number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates. Jobless claims ticked down by 2,000 to 231,000 for the week of Aug. 24, the Labor Department reported Thursday. That’s just below the 232,000 new filings analysts were expecting.
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Fewer Americans file for jobless claims as US labor market continues to defy elevated interest ratesThe number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates.
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Fewer Americans file for jobless claims as US labor market continues to defy elevated interest ratesThe number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates.
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Fewer Americans file for jobless claims as US labor market remains healthyThe number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates
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Fewer Americans file jobless claims as U.S. labor market continues to defy elevated interest ratesThe number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates.
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