U.S. Continuing Claims Rise for the Week Increasing the Risk of Higher Unemployment this Month
October 24, data show that last week, the number of first-time claims for unemployment benefits in the United States unexpectedly fell, but the number of renewals increased, which increased the risk of an increase in the unemployment rate this month. The Federal Reserve's “brown book” report released on Wednesday said employment “increased slightly” in early October, with “more than half of the regions reporting slight or moderate gains, and the rest reporting little or no change “. The labor market situation was also blurred by an earlier month-long strike by some 33,000 machinists at Boeing. The strike affected the troubled airplane maker's supply chain as well as the employment of non-striking employees.
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