International Economic

US initial jobless claims much higher than expected, hit 14-month high

By Iain Gilbert

Date: Thursday 10 Oct 2024

(Sharecast News) - Americans lined up for unemployment benefits at an accelerated pace in the week ended 5 October, according to the Labor Department.
Initial jobless claims rose by 33,000 to 258,000, significantly exceeding market expectations for a reading of 230,000 with a fresh 14-month high, adding weight to arguments that...

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