Reported 3 days ago
The number of initial unemployment claims in the U.S. fell to its lowest level in eight months, indicating low layoffs and a stable labor market, according to the Labor Department. This positive trend supports expectations for fewer interest rate cuts by the Federal Reserve this year, as economic resilience continues. Despite a mix of rising claims in some states, the overall job market remains healthy, with economists forecasting the unemployment rate to hold steady at 4.2%. The upcoming government employment report is highly anticipated.
Source: YAHOO