4 articles | last updated: Jul 11 16:22:00
Unemployment benefits applications fall, suggesting steady employment despite high interest rates.
- Jobless claims for the week ending July 6 decreased by 17,000 to 222,000.
- The total number of Americans collecting unemployment benefits fell for the first time in 10 weeks.
- The four-week average of claims dropped to 233,500, indicating less volatility.
- Economists note the labor market remains robust, countering recession fears.
- The Federal Reserve's rate hikes since 2022 aim to curb inflation without causing mass layoffs.
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