According to BlockBeats, the number of initial unemployment claims in the United States saw its largest increase since early May last week, with continued claims also rising significantly. This trend further indicates a weakening labor market. During the week ending July 6, the number of continued unemployment claims increased by 20,000, reaching 1.87 million, the highest level since November 2021. It is noted that there are typically significant weekly fluctuations in unemployment claims at this time of year, possibly due to holidays such as Independence Day and school summer breaks.
US Unemployment Claims See Significant Increase
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