Jobless Claims at 11 Month High; Manufacturing Activity at 8 Month Low | Business Matters Full Broadcast (August 1)
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The stock market flashing red today as warning signs flash in other areas of the economy too. Weekly jobless claims now at an 11-month high. Today's labor market report also showing also the total number of people on jobless rolls is at the highest since 2021. Manufacturing data suggesting a slow down in the broader US economy. ISM data showing the manufacturing sector contracted in July for the fourth consecutive month. It's now at its lowest level in eight months.
Jobless Claims at 11 Month High; Manufacturing Activity at 8 Month Low | Business Matters Full Broadcast (August 1)