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 Silver Price Seasonality Charts: Essential Insights for Investors READ MORE Fed's Dot Plot to Reveal Insights on Potential Rate Cuts READ MORE China Tightens Grip on Rare Earth Metals, Declaring State Ownership READ MORE China's Gold Demand Lags Behind Global Trends in August READ MORE Economists Predict Fed to Slash Rates Twice This Year, Reuters Survey Shows READ MORE Add a Comment Cancel replyYour email address will not be published.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