US weekly jobless claims reporting
The developments in this story so far, most recent first.
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· Development
US initial jobless claims rise to 197,000, below expectations
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· date approximate · Background
The US economy added 57,000 jobs in June.
The US economy added 57,000 jobs in June. This figure came in below the market expectations of 110,000.
During the same period, the unemployment rate fell to 4.2% in June from 4.3% recorded in May.
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· date approximate · Background
The US unemployment rate was 4.3% in May.
The US unemployment rate was 4.3% in May, as reported by the Bureau of Labor Statistics. The rate subsequently fell to 4.2% in June, indicating a slight improvement in the labor market.