Fewer Americans filed for unemployment benefits last week as the labor market remains sturdy despite high interest rates.
The Labor Department reported Thursday that jobless claims for the week ending July 6 fell by 17,000 to 222,000 from 239,000 the previous week.
The Federal Reserve raised its benchmark borrowing rate 11 times beginning in March of 2022 in an attempt to extinguish the four-decade high inflation that shook the economy after it rebounded from the COVID-19 recession of 2020. The Fed’s intention was to cool off a red-hot labor market and slow wage growth, which can fuel inflation.
While the labor market remains historically healthy, recent government data suggest some softness creeping in. Donald Trump’s niece said it “seems like a bigger story to me than anything George Clooney has to say.”Donald Trump on Wednesday night made his thoughts on George Clooney clear after the actor pleaded with Joe Biden to withdraw from the 2024 race in a stunning New York Times op-ed.Clooney had been a vocal supporter of Biden in the weeks leading up to the U.S.
The money will go toward paying off Trump’s legal fees and relocating her family after facing ‘countless death threats’NEW YORK — Michael Cohen asked the Supreme Court on Wednesday to reopen his lawsuit against Donald Trump, former Attorney General Bill Barr, and others for jailing him in 2020 when he refused not to criticize the then-president under house arrest.
Unemployment Benefits Labor Market Jobless Benefits Labor Department Unemployment
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
B.C. allows fewer ZEVs to qualify for provincial rebates, angering dealerspFewer electric vehicles now qualify for provincial rebates in British Columbia after the provincial government on June 18 lowered the qualifying MSRP and recategorized SUVs, vans and station wagons as “cars,” making fewer of them eligible for rebates.
Read more »
Alberta expects fewer teachers but more students in 2024-25 school yearNow that the school year is wrapping up for thousands of Alberta students, officials say they're getting a better picture of a classroom crunch next year.
Read more »
Brazil creates fewer formal jobs than expected in MayBrazil's economy created a net 131,811 formal jobs in May, Labor Ministry data released on Thursday showed, falling short of the 200,000 forecast in a...
Read more »
Boeing Sees Fewer Fuselage Defects, Helping Lift ProductivityBoeing Co. said it’s seeing a sharp drop in defects on 737 Max fuselages arriving from supplier Spirit AeroSystems Holdings Inc. and an uptick in the pace at which the cashcow planes move through its factory south of Seattle.
Read more »
Fewer Ukrainians Oppose Compromises in Talks with Russia, Survey ShowsUkrainians’ opposition to concessions in talks with Russia has diminished in the last two years, though most people believe that Volodymyr Zelenskiy should remain president until the end of martial law, a new poll shows.
Read more »
Fed expected to hold rates steady, project fewer cuts in 2024The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank's policymakers...
Read more »