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 Cheap Trips to Costly Getaways: The Potential Impact of Fed Rate Cuts on U.S. Travelers READ MORE Stocks and Bonds Retreat as Investors Brace for Economic Indicators READ MORE China Gold Reserves Grow for 18th Straight Month READ MORE Gold Shines: Analysts Project $2,700 Target by Year-End READ MORE Gold Shines Amid Tough Year for Commodity Returns in 2023 READ MORE Add a Comment Cancel replyYour email address will not be published.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