You are using an older browser version. Please use a supported version for the best MSN experience.

Claims For Unemployment Drop

Initial Claims for unemployment insurance dropped to 193,000 last week, down from 209,000 from the prior week, indicating that there is still a high demand for workers. As it raises interest rates, the Fed wants to cool off the labor market since the demand for workers pushes up wages and inflation alike. However, as unemployment rates increase, workers lose the bargaining power for higher wages, and households pull back on spending.
image beaconimage beaconimage beacon