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The number of initial jobless claims in the United States has declined more than expected

Jobless claims fell more sharply than expected last week, but reading the job market is more difficult this time of year as automakers shut down factories for restructuring. Initial jobless claims fell by 17,000 to 222,000 in the week ending July 6, the Labor Department said Thursday, the lowest level since late May. Initial claims include the Independence Day holiday, which tends to fluctuate around the holidays. Automakers typically close assembly plants starting the week of July 4 to restruct...

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2024-07-11 12:47:13
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