US weekly initial jobless claims climb to 247,000, surpassing market expectations and signaling potential shifts in the US labor market outlook.
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phillycaller.com/index.php/bu... US Job Market Sends Mixed Signals: Initial Claims Down #jobmarket #unemployment #initialclaims #continuingclaims #labormarket #economy #USeconomy #monetarypolicy #layoffs #economicindicators

US Job Market Sends Mixed Sign...

U.S. Continuing jobless claims rose to 1,892K, surpassing the 1,880K forecast and up from 1,853K prior.

Initial jobless claims came in at 221K, slightly below the 223K expected, up from 218K last week.

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US jobless claims present a mixed data. Initial claims fell to 227K, beating the 243K forecast and down from 241K, reflecting labor market resilience. However, Continuing claims climbed to 1.897M, above the 1.880M forecast and up from 1.867M, hinting at ongoing challenges.

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US Initial Jobless Claims dropped to 227K, beating expectations of 231K and down from the previous 232K. #US #InitialClaims #Jobs #Economy