US Jobless Claims Rise, Adding to Signs of Slowing Labor Market

Bloomberg08-21

Applications for US unemployment benefits rose last week to the highest level since June and continuing claims climbed, adding to evidence the US labor market is slowing.Initial claims increased by 11...

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Comments

  • The Knight
    08-21
    The Knight
    Good news for more unemployment as the Fed will be forced to cut rates in September. This     is one of the key indicators that Fed is looking and time for growth stocks to bottom up.          Good luck, Tigers.
  • Guavaxf30
    08-21
    Guavaxf30
    Normally, more people being jobless is bad news. But in this weird world, market players think it may be good. How can this be good?
    • Kekemon: 
      Means no need to work and can survive mah. Good news.
  • jerrying
    08-21
    jerrying
    most importantly isit bullish news ??
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