US Jobless Claims Decline as Recent Surge Unwinds
TL;DR Summary
US initial jobless claims fell by 33,000 to 231,000, the largest drop in nearly four years, indicating resilience in the labor market despite signs of slowdown and recent volatility, with the Federal Reserve resuming rate cuts amid concerns about employment stability.
- US Initial Jobless Claims Drop by Most in Almost Four Years Bloomberg.com
- US jobless aid applications retreat to 231,000 after surging to nearly 4-year high a week earlier ABC News
- Fraudulent Texas unemployment filings caused spike in national data Axios
- False alarm: Surge in jobless claims unwinds after recent spike. Layoffs still low. MarketWatch
- U.S. Jobless Claims Fell Last Week The Wall Street Journal
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