US jobless claims rise 4,000 to 229,000, topping forecasts
What's new: Filings hit their highest level since early February, though unemployment stayed at 4.3% and May hiring remained solid.
ABC News, MarketWatch
Subject
#Labor Department
US inflation hit 4.2% in May, highest in 3 years
Why it matters: Surging fuel costs make a Federal Reserve rate cut less likely and have outpaced wage growth, squeezing households.
Nasdaq posts biggest drop since April 2025 as chip stocks sink
Why it matters: A stronger-than-expected May jobs report pushed traders to price in a 42.7% chance of a Fed rate hike by December.
Bloomberg, The Business Times (Singapore)
US added 172,000 jobs in May as unemployment held at 4.3%
What's new: Revisions added 93,000 jobs to March and April totals, pointing to a firmer hiring rebound than previously estimated.
The New York Times, PBS NewsHour