The number of Americans applying for unemployment benefits remained elevated last week. The Labor Department reports U.S. applications for jobless claims were 262,000 for the week ending June 10, more than analysts were expecting. It’s a possible sign that the Federal Reserve’s interest rate hikes over the past year may taking hold in what’s been […]
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Jobless claims remain elevated for second straight week
The number of Americans applying for unemployment benefits remained elevated last week. The Labor Department reports U.S. applications for jobless claims were 262,000 for the week ending June 10, more than analysts were expecting. It’s a possible sign that the Federal Reserve’s interest rate hikes over the past year may taking hold in what’s been a resilient job market. This week’s number mirrors last week’s, which was revised up by 1,000.