Woman looking for job in the newspaper

LISTEN: High Income Earners File for Unemployment

An estimate of 113,793 unemployment claims were filed by Americans earning over $200,000 – the highest level since the pandemic.

“Fundstrat expects the Fed to raise rates by 25 basis points next week but considers it a ‘dovish hike,’ saying the Fed will have more breathing room to allow for easing financial conditions due to a surge in unemployment claims from high-income workers,” Insider’s Matthew Fox reports.

Also Read: How The Federal Reserve Hiking Interest Rates Affects Your Startup

Listen more below:

Tune in to News/Talk 760 AM WJR weekday mornings at 5 a.m. for The Pre W. Smith Show. Listeners outside of the Detroit area can listen live HERE.

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