00:00The latest Labor Department data show a surge in Americans filing new claims for
00:04unemployment benefits reaching the highest level in over eight months with
00:0822,000 initial claims rising to 231,000, surpassing economists
00:13expectations. While seasonal factors post spring breaks are partly to blame,
00:18sentiment surveys indicate a slowdown, prompting adjustments and hiring
00:22strategies amidst labor shortages during and after the covid 19 pandemic.
00:28Financial markets anticipate potential interest rate cuts by the Federal
00:31Reserve to stimulate economic growth with forthcoming inflation data shaping
00:36expectations.
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