Sunday, August 24, 2025

Latest

US Unemployment Claims Show Slight Rise Amid Strong Labour Market

The number of jobless benefit applications jumped marginally by 2,000 to 232,000 for the week ending May 27. However, the four-week moving average, which is considered a better representative of labor market conditions, decreased to 229,500, marking a drop of 2,500 and demonstrating the continued strength of the labor market.

Despite a surge in job creation following the pandemic-induced loss of over 20 million jobs in 2020, there are indications of the labor market cooling. This is likely due to rising interest rates, concerns about a forthcoming recession, and the Federal Reserve’s monetary tightening efforts. Federal Reserve policy makers decided in May to increase interest rates for the 10th consecutive time to combat some of the highest inflation not seen in over 40 years.

The unemployment rate decreased to 3.4% in April, equating to a 54-year low, with 253,000 jobs added. However, job figures for February and March were revised downwards by 149,000, suggesting the cooling effects of the Federal Reserve’s policy on the job market.

In an unexpected turn, April saw an increase in US job openings to 10.1 million, the highest since January. This data, combined with the upcoming jobs report for May and recent layoffs data, could influence the Fed’s decision on its next rate hike. Policy makers aim to achieve a “soft landing”, slowing economic growth just enough to control inflation without triggering a recession, a goal met with uncertainty by many economists.


Information for this briefing was found via the Department of Labour and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Equinox Gold Q2 Earnings: Back On Track

G Mining Q2 Earnings: Costing Gone Wild

Aya Gold Q2 Earnings: Production Slips Amid Ramp Up

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Falling Deeper Into Debt: Americans Open Credit Card Accounts At Record Numbers

With inflation soaring to 40-year highs, Americans are finding it difficult to make ends meet....

Wednesday, August 10, 2022, 05:07:00 PM

Doug Ford Becomes Second Premier to Urge Bank of Canada to Stop Rate Hikes

“I urge you to consider the effect higher interest rates are having on everyday people...

Tuesday, September 5, 2023, 03:01:00 PM

US Coal Prices Soar to 12-Year High as Energy Crisis Deepens

The price of coal hit the highest in more than a decade, further adding to...

Tuesday, November 16, 2021, 10:13:00 AM

Is Gold Your Hedge Against Inflation? – The Daily Dive

Today on The Daily Dive we see the return of frequent guest Gareth Soloway, of...

Tuesday, June 7, 2022, 01:30:00 PM

Canary in the Coal Mine: 20% of CIBC Mortgages Have Reached Their Trigger Rate

Thanks to skyrocketing interest rates, one out of five Canadians who took out a mortgage...

Saturday, March 4, 2023, 09:00:00 AM