Reported about 5 hours ago
The number of Americans filing for jobless benefits decreased by 21,000 to 221,000, demonstrating a resilient labor market even as anticipated layoffs in the federal workforce loom. The decline in claims comes ahead of potential job cuts primarily at the IRS, as part of efforts to downsize the federal workforce. Despite these expected layoffs, the overall job market remains healthy, with a low unemployment rate of 4% and steady job creation, although several companies have begun implementing workforce reductions.
Source: YAHOO