US weekly jobless claims fall by less than expected – The National
- Date: 16-Jun-2022
- Source: The National
- Sector:Financial Services
- Country:UAE
US weekly jobless claims fall by less than expected – The National
The number of Americans filing new claims for unemployment benefits fell less than expected last week, suggesting some cooling in the labour market, though conditions remain tight.
The economy's outlook is darkening, with other data on Thursday showing homebuilding slumping to a 13-month low in May, weighed down by soaring mortgage rates and building material prices.
The economy's waning momentum comes as the Federal Reserve is aggressively raising interest rates to fight inflation.
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