Resilient Labor Markets For the week ended June 27, initial jobless claims decreased by 1,000 to 215,000, below expectations of 221,000. The unemployment rate also improved, declining from 4.3% to 4.2%. Average hourly wages, a good barometer for consumer spending, grew by 3.5% year-over-year, matching expectations. Source: US Bureau of Labor Statistics Business Investment Picking […]
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