US labor market resilience as recession signals get stronger

Weekly jobless claims elevated from 5,000 to 213,000 Persevering with claims down 22,000 to 1.379 million WASHINGTON (Reuters) – The variety of Individuals submitting new claims for unemployment advantages elevated reasonably final week, indicating that the labor market stays tight regardless of the Federal Reserve’s try to quell demand with sharp rate of interest hikes. … Read more