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 Federal Reserve Shifts Focus Away from Recession Concerns READ MORE Fed Rate Cuts Predicted Only in Response to Economic Crisis, Says Black Swan Investor READ MORE Recession Predicted for 2024 by Economist Cam Harvey READ MORE Opinion: Fed Should Cut Interest Rates to Avoid Economic Harm READ MORE Gold: "It's Off To The Races From Here" READ MORE Add a Comment Cancel replyYour email address will not be published.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