What do rising unemployment claims mean for the economy?

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 18 July 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

The number of people filing for jobless benefits in each of the last two weeks rose. That means it’s taking job seekers longer to find employment. It’s also offers mild support to those who want to see lower interest rates. Also: Who’s spending and who isn’t? And what AI means for authors and publishers.

Transcript

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0:59.0	Unemployment ticking up,
1:02.6	up, consumers pulling back on spending,
1:05.0	is it enough for a rate cut?
1:07.4	From American public media, this is Marketplace.
1:13.0	In Washington, D.C. I'm Kimberly Adams in
1:20.0	Washington, D.C. I'm Kimberly Adams in Inverkai Rizdahl. It's Thursday July 18th. Good to have you along.
1:27.0	Because it is Thursday, regular listeners to this program will know.
1:31.0	It's the day when the Department of Labor tells us how many
1:34.0	Americans made claims for unemployment insurance last week. The number of folks
1:38.6	who filed for the first time came in at 243,000, up 20,000 from the week before, a bit more than economists were expecting.
1:47.0	And it's the most in nearly a year since August of 2023.
1:52.0	Also in that report, the number of continuing claims for unemployment.
	...

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