CHICAGO (Reuters) - Unemployment is likely to stay high for a long time, two Federal Reserve officials said on Wednesday, suggesting the U.S. central bank is in no rush to raise its ultra-low interest-rate policy.
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BING NEWS:
- New US jobless claims slip, but people are remaining unemployed for longer
The number of Americans filing new applications for jobless benefits dipped to the lowest in a month last week.
12/26/2024 - 9:55 am | View Link - First-time unemployment claims fall by 1,000; overall filings hit 3-year high
The number of people filing for unemployment benefits for the first time dropped 1,000 last week from the period before, but those who made continuing claims reached a three-year high.
12/26/2024 - 2:12 am | View Link - US Applications for Unemployment Benefits Fall Slightly
While the number of jobless claim applications held steady, the uptick in the total number of Americans collecting unemployment benefits suggests that some who receive jobless benefits are finding it ...
12/26/2024 - 1:59 am | View Link - US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high
The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years.
12/26/2024 - 1:33 am | View Link - Diving into the Dots: What the Fed’s Interest Rate Projections Mean
On Wednesday, the Federal Reserve updated its projections for future rate cuts, indicating that borrowing costs could be higher than expected in 2025.
12/18/2024 - 9:43 am | View Link - More
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