Jobless Claims Drop: Is the Labor Market Still Sluggish?

Jobless Claims Drop, But Is the Labor Market Really Improving? Initial unemployment claims are down, but economists are piecing together data amid the government shutdown to understand the full picture. Hiring and layoffs are stagnant, concerning the Federal Reserve as small businesses report fewer new hires. Despite the drop in initial claims, continuing claims remain steady and the unemployment rate is the highest in four years, signaling an overall sluggish job market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.