Breaking
US Initial Jobless Claims Total 229,000, Exceed Forecast
Uk Jin
Summary
- The US Labor Department said US initial jobless claims totaled 229,000 last week.
- The figure was 9,000 above economists' forecast (220,000) and 4,000 higher than the prior week's revised reading of 225,000.
- Initial jobless claims are a gauge of overheating in the US labor market.
US initial jobless claims topped market expectations last week.
The Labor Department said June 11 that initial jobless claims totaled 229,000 last week. That was 9,000 above economists' forecast of 220,000 and 4,000 higher than the prior week's revised 225,000.
Initial jobless claims are a gauge of overheating in the US labor market. An increase in claims can indicate that the labor market is cooling.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
