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 Inflation Is Down but Don't Thank the Fed READ MORE Investors Flock to Gold as Middle East Tensions Escalate, Dollar Tumbles READ MORE Fed's Bostic Signals Potential September Rate Cut READ MORE Mining Stocks Lag Behind as Gold Prices Shine: A Rally on the Horizon? READ MORE Gold Prices Rise for Fifth Week Amid Iran-Israel Tensions READ MORE Add a Comment Cancel replyYour email address will not be published.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