Applications for unemployment benefits rose last week from a four-month low, suggesting that employers are still avoiding layoffs in the historically tight labor market.
Mainstay Capital Management founder and CEO David Kudla discusses his expectations for the July employment report and weighs in on markets on 'Mornings with Maria.'rose slightly last week but remained near a four-month low, a sign the labor market remains healthy despite an increasingly dark economic outlook.
Continuing claims, or the number of Americans who are consecutively receiving unemployment aid, fell to 1.37 million, down by 22,000 from the previous week's revised level. One year ago, nearly 11.25 million Americans were collecting unemployment benefits.A man hands his résumé to an employer at the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jobless Claims Rose Slightly Last Week but Remain Close to Prepandemic AverageU.S. applications for unemployment benefits rose slightly after five consecutive weeks of decline as many employers continue to hold on to workers despite a slowing economy
Read more »
Gold price rises as Fed rate hike comes in as expectedGold prices rose after the US Federal Reserve raised interest rates by 75 basis points for a third straight time.
Read more »
U.S. Home Sales and Prices Fell in August as Mortgage Rates RoseExisting-home sales fell in August for the seventh straight month, and prices dropped from the prior month, the National Association of Realtors said Wednesday, as mortgage rates rose.
Read more »
After 99 days in decline, price for gasoline up a pennyAfter 99 consecutive days of declining gasoline prices, the national average cost for a gallon edged a penny higher Wednesday.
Read more »