<ul data-eligibleForWebStory="false"><li>Continuing claims for unemployment benefits rose to the highest level since November 2021, indicating a slowdown in the labor market.</li><li>Recurring applications for jobless benefits increased by 37,000 to 1.97 million in the week ended June 14, as reported by the Labor Department.</li><li>Economists forecast a rise in the unemployment rate to 4.8% by December due to sluggish corporate hiring plans.</li><li>Federal Reserve officials have differing views on potential weakness in the job market, with some considering a quarter-point reduction in the main interest rate to sustain a healthy labor market.</li></ul>

Labor market slows as jobless claims rise to highest level since 2021

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