Jobless Claims Edge Lower as Fed Looks to Cool Labor Market

Continuing claims, which run a week behind the headline number, totaled 1.437 million, an increase of 7,000.

In other economic news, the Philadelphia Fed reported that its monthly manufacturing survey for August rose to a reading of 6.2 Initial filings for unemployment benefits declined slightly last week though they were consistent with a drift higher in layoffs that began in the spring, theThe four-week moving average for claims, which helps smooth out weekly volatility, also fell by 2,750 to 246,750.Download NBC 5 Dallas-Fort Worth

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Housing market becomes 'major headwind' for US economyThe U.S. housing market is starting to cool off considerably as the Federal Reserve raises interest rates at the fastest pace in decades in order to cool inflation. The WORST is yet to come under this failed administration. What goes up missy come down Tanking so BlackRock and Blackstone can buy housing. Bad for younger generations!!
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Fed's Bowman: Labour market continues to be strongReuters reports Federal Reserve Governor Michelle Bowman saying on Wednesday that a strong US labour market, the recovery of the service sector, and m
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