MARKET DAILY

Midday Market 04/13: Unemployment Report and PPI Ease Interest Rate Worries

Number of unemployment claimants rose slightly last week while producer inflation continues to cool

FED's interest rate policies are starting to show effects as the number of unemployment benefit recipients across the US hits the highest level since 12/2021, with claims rising from 228,000 to 235,000 last week.

Most of last week's benefit claimants came from California:

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