Two weeks ago, the government reported that an inflation gauge closely watched by the Fed fell to its lowest level in three-and-a-half years.

Last week, the government reported that an inflation gauge closely watched by the Fed fell to its lowest level in three-and-a-half years.

During the first four months of 2024, applications for jobless benefits averaged just 213,000 a week before rising in May

The rising level of continuing claims suggests that some who are receiving benefits are finding it harder to land new jobs.

Analysts highlighted big jumps in jobless benefit applications across states that were most affected by Hurricane Helene last week.

Recent labor market data has signaled that high interest rates may finally be taking a toll on the labor market.

The number of Americans applying for unemployment benefits last week fell to the lowest level in four months.

Some reports on the U.S. economy helped bolster hopes that it can manage to avoid a recession.

Over time, Fed rate cuts should lower borrowing costs for mortgages, auto loans and credit cards, as well as for business loans.