Categories: BUSINESS

US labour market trend: Jobless claims surge to 236,000; Fed flags deeper hiring weakness

US jobless claims surged last week, exceeding expectations, though still within historical lows. Despite this, the Federal Reserve cut interest rates, signaling concerns about weakening job market momentum. Hiring has also slowed, creating a challenging environment for job seekers, with some major companies announcing layoffs.
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Sumitra
8 months ago

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