The number of initial unemployment claims in the United States hits a new high since June, showing weakness in the labor market.

Wisdom Finance APP learned that the number of initial claims for unemployment benefits in the United States last week rose to the highest level since June, and the number of continued claims for unemployment benefits is also climbing, further indicating that the US labor market is slowing down. The US Department of Labor announced on Thursday that the number of initial claims for unemployment benefits increased by 11,000 people to 235,000 people for the week ending August 16, higher than the market's previous expectation of 225,000 people. The number of continued claims for unemployment benefits for the week ending August 9 rose to 1.97 million people, the highest level since November 2021.