![](https://cdn.benzinga.com/files/images/story/2024/07/18/unemployment-shutter.jpeg?width=1200&height=800&fit=crop)
Unemployment Claims Rise More Than Expected, Boosting Hopes For Rate Cuts As Cracks In Labor Market Emerge
Signs of a cooling U.S. labor market are becoming more evident, increasingly reinforcing investor beliefs that the time has come for the Federal Reserve to lower interest rates. New unemployment benefits rose more than expected last week, while continuing …