U.S. Jobless Claims Hold Steady, Suggesting Strong Labor Market The U.S. labor market continues to show strength as weekly jobless claims held steady at a low 212,000 for the week ending April 13, according to the Labor Department. This stability in unemployment filings indicates ongoing resilience in the job market, which, alongside persistent high inflation, is influencing expectations that the Federal Reserve might postpone interest rate cuts until September. Some economists are even skeptical about any rate cuts occurring this year. Rubeela Farooqi, chief U.S. economist at High Frequency Economics, noted that the labor market is likely to adjust through a slowdown in hiring rather than an increase in layoffs, suggesting continued economic stability without significant job losses. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Hyperinflation Hits Argentina – Which Country Could be Next? READ MORE ING: Gold tops $2,500 for the first time READ MORE LBMA: 2024 Precious Metals Analysts' Forecasts READ MORE Gold Surges as Weak US Jobs Data Fuels Rate Cut Expectations READ MORE WSJ: Interest Rates Are a Distraction; Fed's Asset Holdings Hold Real Power READ MORE Add a Comment Cancel replyYour email address will not be published.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