US Jobless Claims Decrease as Layoffs Hold Steady

Reported about 1 month ago

Recent data shows a decline in initial jobless claims in the U.S., with applications falling to 227,000 last week as layoffs remain low. This decrease suggests stability in the labor market, despite job openings hitting a 3.5-year low. The Federal Reserve reported generally flat employment levels and anticipated a potential interest rate cut amid signs of slower hiring.

Source: YAHOO

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