Jobless claims rise as import prices jump on energy costs

MSN
2026.05.14 17:39
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Jobless claims rose to 211,000, indicating a stable labor market but potential hiring challenges. Import prices surged by 1.9% in April, the highest increase in over a year, driven by rising energy costs due to geopolitical tensions. This persistent inflation may prevent the Federal Reserve from reducing interest rates until 2027.