Labor Market Resilience Amidst Technology Layoff Wave U.S. weekly jobless claims have dipped, showcasing the labor market’s robustness even as the tech sector announces significant layoffs. Last week saw a decrease of 9,000 in jobless claims, settling at 218,000, against a backdrop of anticipated layoffs predominantly in the technology industry. This development suggests not only the absence of widespread job losses but also a strong economic growth momentum carrying into early 2024, potentially impacting the Federal Reserve’s interest rate decisions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts TSX Breaks Losing Streak as Materials and Energy Sectors Surge READ MORE Gold Nears Two-Month High Amid Anticipation of US Rate Cut READ MORE China Pledges Response to Biden Administration’s Expanded Tariffs READ MORE Ports as Pawns: The $2 Trillion Transformation of Global Trade Hubs READ MORE Consumer Price Growth Slows, Potential Relief for Fed Rate Decisions READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment