U.S. initial jobless claims approach 60-year lows
- 1Initial jobless claims in the U.S. recorded 194,000 last week, nearly matching 60-year lows.
- 2Continuing jobless claims rose slightly but remained very close to 3-year lows.
- 3The current labor market is analyzed as a low-layoff, low-hiring state where employers retain staff without layoffs.
So what's the key point?
The number of people applying for unemployment benefits in the U.S. was very low at 194,000. Because few people are losing their jobs, the labor market is in a stable state.
Source Zero Hedge +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.