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 India Grants RBI Levy-Free Gold Imports READ MORE Gold Shines Bright in Early 2024 Amid Anticipated US Fed Rate Cut READ MORE Gold Hits Highest Settlement in Over a Week READ MORE Soft U.S. Data Pushes Gold to Two-Week High READ MORE Investor Alert: Double Top Pattern & The Looming Financial Crisis READ MORE Add a Comment Cancel replyYour email address will not be published.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