U.S. Labor Market Stumbles As Recurring Jobless Claims Hit Highest Level Since 2021
Allwork
JUNE 12, 2025
The number of Americans filing new applications for unemployment benefits held at an eight-month high last week, consistent with easing labor market conditions, while slowing domestic demand helped to restrain producer prices in May. The data was released a day after the Labor Department reported a moderate rise in consumer prices in May.
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