US Jobless Claims Increase but Layoffs Remain Low

U.S. unemployment claims rose to a two-month high of 335,000 due to seasonal adjustments, but actual new claims remain very low, indicating a stable labor market for those employed. However, the number of people collecting unemployment benefits increased, suggesting difficulty for job seekers. Economists believe hiring will remain sluggish until trade tensions ease and interest rates are potentially cut by the Fed, which has caused a decline in stock markets.