The labour market experiences shifts due to Federal Reserve interest rate hikes, impacting employment trends.
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Recent Labour Department data reveals a significant uptick in new unemployment benefit claims, surpassing economists' projections.
Source: Pexels
Various factors contribute to the rise, including unexpected seasonal fluctuations post-school spring breaks.
Source: Pexels
Markets anticipate potential rate cuts by September as the Fed maintains its current interest rate range amidst a rise in individuals receiving unemployment benefits.