US unemployment claims rise more than forecasted

The labour market experiences shifts due to Federal Reserve interest rate hikes, impacting employment trends.

Source: Pexels

Recent Labour Department data reveals a significant uptick in new unemployment benefit claims, surpassing economists' projections.

Source: Pexels

Various factors contribute to the rise, including unexpected seasonal fluctuations post-school spring breaks.

Source: Pexels

Markets anticipate potential rate cuts by September as the Fed maintains its current interest rate range amidst a rise in individuals receiving unemployment benefits.

Source: Pexels