Jobless claims rise to 213,000 after declining for five weeks straight


If recession gets worse, jobs will be impacted negatively: Investment expert

Mainstay Capital Management founder and CEO David Kudla discusses his expectations for the July employment report and weighs in on markets on ‘Mornings with Maria.’

The number of Americans filing for unemployment benefits rose slightly last week but remained near a four-month low, a sign the labor market remains healthy despite an increasingly dark economic outlook.

Figures released Thursday by the Labor Department show that applications for the week ended Sept. 17 rose to 213,000 from the downwardly revised 208,000 recorded a week earlier. That is still below the 2019 pre-pandemic average of 218,000 claims

This is a developing story. Please check back for updates.


Source: Read Full Article