Source: Yahoo! Finance
“The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, suggesting that the labor market remained fairly healthy. The upbeat outlook on the economy was underscored by other data on Thursday showing corporate profits increased at a more robust pace than initially thought in the second quarter. Strong profit growth should help to underpin the labor market and investment. The economy’s resilience could make it harder for the Federal Reserve to deliver another 50 basis points interest rate cut in November as some investors are hoping.” (09/26/24)
https://finance.yahoo.com/news/us-weekly-jobless-claims-unexpectedly-124416599.html