The labor market’s resilience is a central focus for Fed policymakers, as the U.S. economy has minted an average of 392,000 new jobs a month this year.The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the U.S. job market remains tight, even as the Federal Reserve works to cool demand for labor as part of its bid to lower inflation.
Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week. A raft of layoffs in the technology sector and interest-rate sensitive industries like housing have yet to leave a notable imprint on claims as laid-off workers appear to cycle into new jobs with relative ease.
Federal Reserve Chair Jerome Powell — the chief architect of the central bank’s aggressive interest rate hikes aimed at bringing too-high inflation to heel — earlier this month said “it feels like we have a structural labor shortage out there.”
Wake up no one wants to hear about Jobless rate. Especially the folks who have lost their jobs. Have some clarity.
Yellen and Biden will lead us right over a cliff
Because people making loads of money like that and have backgrounds like that couldn’t last a day on the pay unemployment is! What’s the point!
you guys lied about Nicholas Sandman why would anybody believe anything you guys have to say. You’ve lied about other big stories too, you guys are liars, why do you lie
پاکستان ، عمران خان اور مسلم امہ کے بارے میں محمد قاسم کے بہت سارے خواب پورے ہو رہے ہیں۔ یہ خواب اہم واقعات کی نشاندہی کرتے ہیں جو مستقبل میں رونما ہونگے ، واقعات جن کا حدیث میں ذکر کیا گیا ہے۔ محمد قاسم کے خواب - PMIK In Qasim Dreams
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