Newsposter

The number of Americans filing for jobless claims increased last week, leading to the highest number of people collecting unemployment benefits in two years. While the labor market remains strong, there are signs of softness, with hiring slowing down and fewer job openings. The Federal Reserve has raised interest rates to control inflation, which has also decreased. The latest data shows that prices were unchanged in October, marking the lowest year-over-year inflation rate in over two and a half years.