US labor market shows signs of softening as jobless claims come in at 245K

Jobless claims in the United States dropped slightly last week but stayed elevated, signaling that the labor market is slowing down. The Labor Department said on Wednesday that initial applications for unemployment benefits fell by 5,000, landing at 245,000 for the week ending June 14. That number was exactly what economists predicted in a Bloomberg […] source: https://www.cryptopolitan.com/us-jobless-claims-come-in-at-245k/