Unexpected Dip in US Jobless Claims Signals Robust Labor Market The US labor market outperformed expectations last week, with fewer Americans applying for unemployment benefits than anticipated. Despite a backdrop of aggressive Federal Reserve rate hikes aiming to cool inflation, initial jobless claims surprisingly fell to 211,000 from an expected 215,000. This decline hints at a persistently tight labor market, albeit with a slight increase in the time it takes for some to find new employment post-layoff. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts TSX Futures Stagnate as Investors Weigh Gold Decline Against Fed Signals READ MORE Pros and Cons of Investing in Physical Precious Metals READ MORE Gold Hits Another Record, Topping $2,365/oz READ MORE Gold Prices Dip as U.S. Recession Concerns Ease, Dollar Strengthens READ MORE U.S. Economic Growth Hits 3.2% in Q4, Marking Six Quarters of Sustained Expansion READ MORE Add a Comment Cancel replyYour email address will not be published.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