US weekly jobless claims increase to four-month high; worker productivity revised down
New data from the U.S. Labor Department shows jobless claims rose more than expected last week, reaching a four-month high, though economists say the labor market remains stable. The increase to 225,000 claims was partly attributed to seasonal effects around the Memorial Day holiday rather than a clear weakening in employment conditions. Analysts described the broader trend as a “low fire, low hire” environment, with … Continue reading US weekly jobless claims increase to four-month high; worker productivity revised down
