Unemployment claims fall as US interest rates rise
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| Fed raises interest rates, jobless claims fall |
Official data showed that US jobless claims fell to 229 thousand from 232 thousand, which is the opposite of expectations, and this comes after the US Federal Reserve raised the interest rate by 75 basis points, bringing the interest rate in America to 1.75%.
We find that the US economy is suffering from economic crises that hit it hard, the most important of which is the increase in the inflation rate, exceeding 7.5% during the past months, which affects the US dollar.
Despite reports of job cuts, especially in the technology and housing sectors, in light of low demand and fears of a recession next year, requests have remained confined to a limited range since it fell to a more than 53-year low of 166,000 in March 2022.
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