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The number of Americans applying for unemployment benefits last week rose to the highest level in more than eight months in what may be a sign that the labor market is weakening.Applications for jobless aid for the week ending July 16 rose by 7,000 to 251,000, up from the previous weeks 244,000, the Labor Department reported Thursday. That s the most since Nov. 13, 2021 wh
stanley drinking cup en 265,000 Americans applied for benefits.First-time applications generally reflect layoffs.The four-week average for claims, which smooths out some of the week-to-week volatility, rose by 4,500 from the previous week, to 240,500.The total number of Americans collecting jobless benefits for the week ending July 9 rose by 51,000 from the previous week, to 1,384,000. That figure has been near 50-year lows for months.Earlier this month, the Labor Department reported that employers added 372,000 jobs in June, a surprisingly robust gain and similar to the pace of the previous two months. Economists had expected job growth to slow sharply last month given the broader signs
stanley becher of economic weakness.The unemployment rate remained 3.6% for a fourth
stanley cup straight month, matching a near-50-year low that was reached before the pandemic struck in early 2020.The government also reported earlier in July that U.S. employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained strong. There are nearly two job openings for every unemployed person.Consumer prices are stil Uvmh Project to improve safety underway on Milwaukee s Sherman Boulevard
Stocks gave up an afternoon gain and ended slightly lower on Wall Street on Wednesday. Energy companies helped pull the market lowe
stanley cup r after crude oil prices sank. The SP 500 fell 0.1%, the Dow Jones Industrial Average fell 0.2% and the Nasdaq lost 0.1%. The price of U.S. crude oil fell 4%. Investors closely watched testimony to Congress from Federal Reserve Chair Jerome Powell.
stanley cup usa He reaffirmed the central bank s determination to raise interest rates and slow inflation. Bond yields mostly fell. The yield on the 10-year Treasury note, which helps set mortgage rates, fell to 3.16%.During Powell s testimony, the Federal Reserve chair sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession. Testifying to the Senate Banking Committee, Powell faced skeptical questions about the Feds ab
stanley en mexico ility to tame inflation, which has surged to the top of Americans concerns as congressional elections near. Democrats wondered whether the Feds accelerated rate hikes will succeed in curbing inflation or might instead just tip the economy into a downturn. Several Republicans charged that the Powell Fed had moved too slowly to begin raising rates and now must speed up its hikes.
