US unemployment claims increase to 199,000
Last week, US unemployment benefit claims increased to 199,000 applications, reflecting the ongoing resilience of the American labor market thanks to historically low layoffs despite economic challenges. Meanwhile, non-farm worker productivity rose by 1.4% in the second quarter of the year, with expectations of further growth driven by investments in artificial intelligence, which helps boost productivity and contain inflation. This occurred alongside a 1.3% increase in labor costs per unit and a 2.7% rise in hourly wages during the same period.
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