Phoenix68
Well-Known Member
- Joined
- Mar 12, 2022
- Messages
- 13,529
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ANOTHER REPUBLICAN ECONOMY!!!!!
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Jobless Claims SPIKE, In Worrisome Sign For U.S. Labor Market!!!
February 27, 2025
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"First-time applications for unemployment benefits rose much more than expected last week, a likely indication of some “noisy” data, but also a potential worrisome hint that cracks may be forming in America’s long-solid labor market.ANOTHER REPUBLICAN ECONOMY!!!!!
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Jobless Claims SPIKE, In Worrisome Sign For U.S. Labor Market!!!
February 27, 2025
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There were an estimated 242,000 jobless claims filed last week, according to seasonally adjusted data released Thursday by the Department of Labor. That’s an increase of 22,000 from the prior week’s tally and a figure that landed well above economists’ expectations for 220,000 claims..
“The risk here is that you get a knock-on effect of individuals that lose their job and don’t find a new occupation in a different sector, and for those jobs, those individuals, they suddenly have to rely on unemployment payments, and they’re likely to scale back on their outlays, and that will then, in turn, affect broader economic activity,” he said."
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