US labour market holds firm: Jobless claims fall to 216,000; layoffs stay low despite corporate cuts
US labour market holds firm: Jobless claims fall to 216,000; layoffs stay low despite corporate cuts
Jobless claims fell last week, indicating a stable labor market despite some company layoffs. While hiring slowed and the unemployment rate ticked up, the overall picture suggests a "low-hire, low-fire" phase. This cooling economic activity and easing inflation may lead the Federal Reserve to consider interest rate cuts.
Jobless claims fell last week, indicating a stable labor market despite some company layoffs. While hiring slowed and the unemployment rate ticked up, the overall picture suggests a "low-hire, low-fire" phase. This cooling economic activity and easing inflation may lead the Federal Reserve to consider interest rate cuts.
Jobless claims fell last week, indicating a stable labor market despite some company layoffs. While hiring slowed and the unemployment rate ticked up, the overall picture suggests a "low-hire, low-fire" phase. This cooling economic activity and easing inflation may lead the Federal Reserve to consider interest rate cuts. 
