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 Can I Buy Gold With a Credit or Debit Card? READ MORE Shenzhen: China's Rising Star in the Gold Jewelry World READ MORE Zimbabwe's Leadership Change Failing to Revitalize Its Troubled Economy READ MORE Supply and Demand Dynamcis Shows Silver is Undervalued READ MORE U.S. Labor Market: Key to Economic Stability in 2024 Amid Federal Reserve Decisions READ MORE Add a Comment Cancel replyYour email address will not be published.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