Unemployment Claims Reach 10-Month Peak as Economy Slows U.S. weekly jobless claims rose to 242,000 for the week ending June 8, the highest level in 10 months, indicating a cooling labor market. This increase, surpassing economists’ forecasts of 225,000 claims, reflects the delayed impact of the Federal Reserve’s interest rate hikes. The unemployment rate also rose to 4% in May, while economic growth slowed in the first quarter. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Fight Against Counterfeit Dollars: What You Need to Know READ MORE BRICS Grain Exchange Idea Moves Forward READ MORE Bitcoin Rallies on Cooling Inflation, Eyes New Highs READ MORE Economic Data Heats Up: Fed's 'Patience' Tested by Rising Unemployment READ MORE July Sees Growth in Gold and Silver Stocks in London Vaults READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment