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 Federal Reserve Reveals Over 1,800 Banks Accessed Emergency Funds Post-SVB Collapse READ MORE Record Increase in U.S. Labor Costs Points to Continued Inflationary Pressure READ MORE China's Gold Imports Skyrocket as Middle Class Seeks Stability READ MORE Japan Raises Interest Rates for First Time in 17 Years READ MORE Are the Gold Bulls Overexuberant? READ MORE Add a Comment Cancel replyYour email address will not be published.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