US initial jobless claims rose by 249,000 for the week ending on July 27, according to the US Dept. of Labor. It's an 11-month high. What does this new record reveal about the labor market?

Catalyst Anchor Madison Mills joins Wealth! to break down the latest jobless claims report and what it means for workers and job seekers.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Nicholas Jacobino