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 Powell Says a March Rate Cut is Unlikely READ MORE Flat Treasury Yields Reflect Investor Caution Amid Varied Economic Reports READ MORE Analyst Says Silver Could Be Headed to $50 READ MORE China's Gold Demand Lags Behind Global Trends in August READ MORE Fed's Mester Awaits Further Inflation Drops Before Lowering Rates READ MORE Add a Comment Cancel replyYour email address will not be published.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