Reported 2 days ago
Recent jobless claims data shows a gradual slowdown in the labor market, with weekly unemployment claims falling to their lowest since April 2024. The Department of Labor reported 211,000 initial claims for the week ending December 27, down from the previous week and below economists' expectations. Despite a higher unemployment rate and slowing job gains throughout the year, the overall labor market remains stable, characterized by low layoffs and hiring rates, according to economists and Federal Reserve officials.
Source: YAHOO