The number of Americans filing new applications for unemployment benefits rose to the highest level in two months last week.
According to the Department of Labor, initial jobless claims rose by 11,000 to 235,000 for the week ending Aug. 16.
US Weekly Jobless Claims Climb to 2-Month High
Despite worrisome signals, Fed economists see strength in the U.S. labor market.
A "Now Hiring" sign at a coffee shop in Greensboro, N.C., on Sept. 19, 2024. Madalina Vasiliu/The Epoch Times
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
