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Job market shows signs of slowing: Will rate cuts begin earlier?
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US jobless claims stayed below last year's level even amid a slight uptick

U.S. unemployment claims in the week ended June 1 remained below last year's level even amid a slight uptick, data from the Department of Labor showed Thursday morning.
Seasonally adjusted initial jobless claims rose 8,000 to 229,000 from the previous week's upwardly revised level. That compares with 255,000 claims filed in the same week a year ago, the Labor Department said in a press release.
Source: Department of Labor
Source: Department of Labor
The data came days after the Bureau of Labor Statistics said the number of job openings in April fell to a two-year low of 8.1 million. The number of those leaving their jobs fell to 3.5 million, from 3.6 million a year earlier, which could signal less confidence among workers that they could find higher paying work elsewhere.
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    Luzi Ann Santos
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    Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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