{"id":1903641,"date":"2023-03-23T08:58:00","date_gmt":"2023-03-23T12:58:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jobless-claims-fall-a-day-after-fed-hikes-rates-again\/"},"modified":"2023-03-23T09:15:45","modified_gmt":"2023-03-23T13:15:45","slug":"jobless-claims-fall-a-day-after-fed-hikes-rates-again","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jobless-claims-fall-a-day-after-fed-hikes-rates-again\/","title":{"rendered":"Jobless claims fall a day after Fed hikes rates again"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjobless-claims-fall-a-day-after-fed-hikes-rates-again%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1903641&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>\u00a0<\/p>\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_79509817\" class=\"brid\" style=\"width: 16; height: 9;\"><\/div>\n<p><script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_79509817\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1267506\"} }); <\/script><script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/p>\n<\/div>\n<\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">T<\/span>he number of new applications for <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/unemployment\" target=\"_blank\" rel=\"noopener\">unemployment<\/a> benefits unexpectedly dropped by 1,000 to 191,000 last week, the Labor Department reported Thursday.<\/p>\n<p>Despite the Federal Reserve&#8217;s to efforts to strengthen monetary policy to quick economywide spending and get down inflation, declining jobless claims are a sign that the labor market is still tenacious.<\/p>\n<p>Given that the Federal Reserve has been sharply hiking, the regular number of jobless claims has received close attention over the past year. The new figures were released one day after the Fed declared it would raise its interest rate goal by 25 %.<\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-scott-warren-fed-ig-bipartisan\">SCOTT AND WARREN LEAD BIPARTISAN CALL FOR NEW FED WATCHDOG, according to SVB COLLAPSE.<\/a><\/b><\/p>\n<p>Due to the volatility in the financial field following <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/silicon-valley-bank\" target=\"_blank\" rel=\"noopener\">Silicon Valley Bank<\/a>&#8216;s loss nearly two weeks later, the Fed made a difficult decision. However, the price increase indicates that the Fed still views prices as a greater danger than the negative effects of the banking system on the economy.<\/p>\n<p>Nevertheless, Fed Chairman Jerome Powell observed on Wednesday that despite the outpouring of rate hikes over the previous year, the labor market has shown resilience. This indicates that there is some seat for the Fed&#8217;s infamous tightening.<\/p>\n<p>More jobs than anticipated were added to the economy in February, and the unemployment rate increased slightly to 3.6 %, which is historically very low. Prior to that, the unemployment rate was shockingly low\u2014 3.4 %\u2014 the lowest since 1969.<\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/\">READ MORE FROM THE WASHINGTON EXAMINER Ok.<\/a><\/b><\/p>\n<p>Nevertheless, despite the robust labor market, there are worries that price increases and the current bank problems may cause the economy to enter a recession at some point in the coming year.<\/p>\n<p>The likelihood of a recession in the United States was reportedly increased by Goldman Sachs to 35 %, an increase of 10 points from its earlier forecast. The forecast, according to the company,&#8221; reflects increased near-term uncertainty around the financial effects of little bank stress.&#8221;<\/p>\nJobless claims fall a day after Fed hikes rates again\n<\/div>\n<hr \/>\n<p>&#8216;Read More From <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/jobless-claims-fall-a-day-after-fed-hikes-rates-again\">&#8220;Homeless cases decline a time after Fed raises interest rates once more.&#8221;<\/a>&#8216;<\/p>\n<hr \/>\n<p><span style=\"font-size: 11px;\"><em>&#8221; Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer.&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of new applications for unemployment benefits unexpectedly dropped by 1,000 to 191,000 last week, the Labor Department reported Thursday. Falling jobless claims are a sign the labor market is remaining resilient despite the Federal Reserve\u2019s historic effort to tighten monetary policy to slow economywide spending and drive down inflation. The weekly jobless claims<\/p>\n","protected":false},"author":1,"featured_media":1903642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"Jobless claims fall a day after Fed hikes rates again","footnotes":""},"categories":[538],"tags":[4856,7660,8859,7498,6367,7451,6009],"class_list":["post-1903641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-claims","tag-day","tag-fall","tag-fed","tag-hikes","tag-jobless","tag-rates"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"Jobless claims fall a day after Fed hikes rates again","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1903641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1903641"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1903641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1903642"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1903641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1903641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1903641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}