Hunter Fielding

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BREAKING REPORT: Jobless Claims Reach Highest Level in Nearly a Year; Ongoing Unemployment Hits Peak Since 2021

BREAKING REPORT: Jobless Claims Reach Highest Level in Nearly a Year; Ongoing Unemployment Hits Peak Since 2021

Jobless claims unexpectedly jumped last week, increasing by 14,000 to nearly a one-year high of 249,000. This figure surpassed even the most pessimistic forecasts in Econoday’s survey and was significantly higher than the consensus estimate of 236,000. The number of people collecting unemployment benefits beyond their initial week rose by…
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