Jobless claims edge higher, continuing claims lowest since May 2024
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Initial jobless claims came in just above expectations at 226,000
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The latest economic data delivered a surprisingly strong snapshot of the U.S. labor market. Initial jobless claims dropped to 191,000鈥攄own 27,000 from last week and the lowest level since 2022, according to the Department of Labor. To help break down what these trends mean for the economy and whether the Federal Reserve might consider rate cuts next, Alicia Summers spoke with Ed Siddell, CEO and Chief Investment Advisor at EGSI Financial. Watch OAN Live here: https://live.oann.com/home.ktv?utm_s
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The latest economic data delivered a surprisingly strong snapshot of the U.S. labor market. Initial jobless claims dropped to 191,000鈥攄own 27,000 from last week and the lowest level since 2022, according to the Department of Labor. To help break down what these trends mean for the economy and whether the Federal Reserve might consider rate cuts next, Alicia Summers spoke with Ed Siddell, CEO and Chief Investment Advisor at EGSI Financial. Watch OAN Live here: https://live.oann.com/home.ktv?utm_s
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