US jobless claims rise to highest level in nearly a year

US initial jobless claims rose 243,000 last week, higher than what was expected and climbing higher from 223,000 the prior week. This marks the highest level of weekly jobless claims since August 2023.
Madison Mills crunches the numbers out from the US Department of Labor, with Bloomberg attributing the rise to seasonal factors like climate events and employment tweaks in the manufacturing industry. She goes on to discuss how the Federal Reserve is viewing recent upticks in the national unemployment rate.
#youtube #JOBS #unemployment

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