Reported 10 months ago
The number of unemployment claims in the US fell to 211,000 last week, the lowest since March, indicating strong job security for workers. The four-week average also decreased, and overall unemployment benefits recipients dropped to 1.84 million, the least since September. Despite a cooling job market, job creation remains steady, with economists viewing the drops in claims as positive, although cautioning about seasonal holiday adjustments. The unemployment rate stands at 4.2%, reflecting resilient labor dynamics amid high interest rates.
Source: YAHOO