CNN CNN Newsroom June 4, 2024 20:52:00
Weekly jobless claims unexpectedly fell and that's despite the recent mass layoffs we have seen in tech and media companies. vanessa is here to break down the data. vanessa, hard to make sense of what's happening in the economy. what is this new indication tell us? >> good news for the american worker. bad news for the federal reserve. last week unemployment claims 194,000 people filed for unemployment. that is down from the week prior. we've obviously come a long way since the height of the pandemic. but we are now at historic lows and that is not good for the work that the federal reserve ...