US Jobless Claims Surge to 241,000, Highest Level Since 2021

The US saw a significant increase in initial jobless claims last week, reaching 241,000. This figure marks the highest insured unemployment level since November 2021 and exceeds market expectations. The rise, attributed to potential labor market cooling, will likely influence Federal Reserve policy. Experts are watching for further insights into this trend through upcoming non-farm payrolls data.