Reported 2 days ago
The number of new unemployment claims in the United States fell to 215,000 last week, indicating a stable labor market in April despite concerns over tariffs impacting business hiring. While economists had expected higher claims, there has been no major impact from possible federal layoffs. Federal Reserve Chair Jerome Powell noted the economic uncertainty and the potential for rising unemployment later in the year, as the economy added 228,000 jobs in March but the unemployment rate slightly increased.
Source: YAHOO