The number of initial jobless claims in the United States slightly decreased last week, but the number of continuing claims rose to the highest level since November 2021
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The number of people continuing to claim unemployment benefits in the United States rose to 1.974 million for the week ending June 14, the highest level since November 2021, exceeding market expectations. The number of initial unemployment claims was 236,000, lower than expected. Economists pointed out that the slowdown in hiring and the impact of tariff policies on corporate prospects have made it difficult for unemployed individuals to find new opportunities, despite the low scale of layoffs. The Federal Reserve kept interest rates unchanged, and Chairman Jerome Powell stated that the job market remains robust
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