LeadStory

What is the latest U.S. economic data?

Asked 10 hours ago

Answer

Recent U.S. economic data shows initial jobless claims have dropped to 227,000, the lowest since mid-May, with continuing claims steady at just under 2 million. The labor market remains stable but highly concentrated, with most new jobs in health care and education, and wage growth remains elevated.

References

Weekly jobless claims comes in lower than expected
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CNBC
10 hours ago
Weekly jobless claims comes in lower than expected

Initial jobless claims for the week of July 5th are 227,000, lower than expected and the smallest figure since mid-May.

Weekly jobless claims comes in lower than expected
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CNBC
10 hours ago
Weekly jobless claims comes in lower than expected

The revised previous week's number is 232,000, showing a decrease of 5,000 claims.

Weekly jobless claims comes in lower than expected
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CNBC
10 hours ago
Weekly jobless claims comes in lower than expected

Continuing claims remain just under 2 million, the highest level since 2021.

ADP: U.S. labor market is in stasis
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Bloomberg
11 hours ago
ADP: U.S. labor market is in stasis

Continuing jobless claims are about 5% higher than last year.

ADP: U.S. labor market is in stasis
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Bloomberg
11 hours ago
ADP: U.S. labor market is in stasis

Labor force participation is a full percentage point lower than before the pandemic.

ADP: U.S. labor market is in stasis
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Bloomberg
11 hours ago
ADP: U.S. labor market is in stasis

The unemployment rate moved from 4.2% in May to 4.1% in June.

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