The number of initial jobless claims in the United States slightly decreased to 245,000, stabilizing at this year's high level

As of the week ending June 14, the number of initial jobless claims in the United States decreased by 5,000 to 245,000, stabilizing at a high level for the year. The number of continuing claims slightly fell to 1.95 million, reflecting a slowdown in the labor market. Economists point out that the time it takes for unemployed individuals to find new jobs has lengthened, and the pace of hiring by companies has slowed. The market expects the Federal Reserve to keep interest rates unchanged while assessing the impact of tariff policies. Overall data shows that economic demand is cooling, with new housing starts dropping to the lowest level since the pandemic