New Continuing Jobless Claims at 1.965 Million
Falls Short of Market Expectations
Last week, the number of new unemployment benefit claims in the United States came in below market expectations.
According to the U.S. Department of Labor on July 10 (local time), the number of new unemployment benefit claims for the week of June 29 to July 5 was tallied at 227,000.
This figure is lower than the expert forecast of 236,000, and it also represents a decrease of 5,000 compared to the previous week's 232,000 claims.
The number of continuing unemployment benefit claims, which counts those claiming benefits for two weeks or more, stood at 1,965,000 for the week of June 22 to 28. This is an increase of 10,000 from the previous week's 1,955,000, but it is still 15,000 below the market expectation of 1,980,000.
As concerns about an economic slowdown intensify due to President Donald Trump's aggressive tariff policies, Wall Street is closely monitoring employment indicators along with inflation.
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