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Jobless Claims Rose Last Week, Hinting at Struggling Labor Market

Sue Miller
Jobless Claims Rose Last Week, Hinting at Struggling Labor Market

On June 13, the US Department of Labor reported its jobless claims report for last week. Initial jobless claims rose 3,000 to 222,000 for the week that ended on June 8—below analysts' expectation of 215,000. What does this say about the prospect of a rate cut?