US Continuing Jobless Claims Hit Two-Year High, Signaling Labor Market Shift The latest US labor market data shows a mixed picture, with recurring jobless claims rising to 1.84 million in mid-June, the highest since late 2021, suggesting longer job search periods for the unemployed. While initial claims slightly decreased to 233,000, the overall trend indicates a softening labor market. The unemployment rate has increased to 4%, and hiring has slowed significantly compared to the post-pandemic recovery period. Economists and Federal Reserve officials are closely monitoring these trends to assess the labor market’s resilience and potential future developments. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Housing Market Relief on the Horizon? Fed Study Predicts Inflation Slowdown READ MORE Fed Minutes Hint at Monetary Policy Shift This Friday READ MORE China Gold Reserves Grow for 18th Straight Month READ MORE Over 80,000 Global Enthusiasts Flock to Hong Kong's Twin Jewellery Shows READ MORE Four Factors Fueling Gold's Continued Rally READ MORE Add a Comment Cancel replyYour email address will not be published.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