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Initial claims hit their highest level since November 2021 for w/e June 3 up 28k to 261k (consensus 237k) Continuing #jobless claims w/e May 27 fell 37k to 1.757 million.
– Suggests softening in labor market that Fed wants to see
The U.S. labor market continues its resilience in June with U.S. employers adding 209,000 workers in June, much lower however than the much stronger t
[See the full post at: U.S. Adds Less Jobs Than Expected in June While Wages Grew]
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