Unemployment claims drop as Fed hikes interest rates – CBS News


Watch CBS News



The Labor Department reported a drop in jobless claims for the week ending Oct. 29. This comes as the Federal Reserve hiked interest rates this week in an effort to tame rising inflation. Nick Bunker, economic research director for the Indeed Hiring Lab, joined CBS News to help bring clarity to the state of the economy and project what could be next.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.


Source link

You May Also Like

Memphis community leader urges fathers to be present in their children’s lives in effort to reduce crime

MEMPHIS, Tenn. – Sitting in federal prison, Detrick Saulter wondered if he…

Vegas survivors signal hope even as mass shootings persist

LAS VEGAS — It’s been five years since carnage and death sent…

‘Black Panther’ Sequel Introduces a Mutant

Warning: This post contains spoilers for Black Panther: Wakanda Forever. Ever since…

Paul Pelosi Jr. updates on father’s condition outside San Francisco hospital after hammer attack

EXCLUSIVE: The son of House Speaker Nancy Pelosi and her husband Paul…

Pfizer announces promising developments for 1st maternal RSV vaccine

After decades of researching respiratory syncytial virus, an illness especially dangerous for…

Disability activist says Air Canada ruined wheelchair: “Wet and mangled”

Disability awareness activist Andrew Gurza says Air Canada damaged his power wheelchair…