The number of initial jobless claims in the United States fell to 216,000 last week, the lowest since mid-April
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The number of initial jobless claims in the United States fell to 216,000 last week, the lowest since mid-April, and below the expected 225,000. Despite an increase in layoff announcements from large companies, actual layoffs have not accelerated significantly. The number of continuing unemployment claims has risen, reflecting a slowdown in the recovery of the job market. The consumer confidence index has declined, with growing public concern about job prospects. The Federal Reserve faces a dilemma between supporting the job market and curbing inflation, with clear policy divergences
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