By Katabella Roberts The number of Americans filing new claims for unemployment benefits reached its highest level since August 2023 last week, according to data published by the Bureau of Labor Statistics on May 9. First-time applications for unemployment benefits for the week ending May 4 soared by 22,000 to 231,000—up from 209,000 the week […]
Tag: Federal Reserve Bank
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913.