US Jobless Claims Decline Again, Signaling Labor Market Strength The number of Americans filing for unemployment benefits decreased last week, indicating a strong labor market that continues to bolster the economy. This marks the second consecutive weekly decline, reversing most of the earlier increase this month. Despite slower job growth due to past Federal Reserve rate hikes, layoffs remain low. Initial claims fell by 8,000 to 215,000, below the forecasted 220,000, with significant drops in California and Indiana. Economist Robert Frick noted that the feared increase in claims has not materialized, affirming the labor market’s robustness. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts India's Gold Market: ETFs and Central Bank Buying Shine Amid Jewelry Slump READ MORE Towards Global De-dollarization: Iran Advocates for BRICS Digital Currency in 2024 READ MORE Gold Prices Rise as Market Eyes Potential Fed Rate Cuts READ MORE Copper Prices Surge as Short Squeeze Sparks US Metal Rush READ MORE Silver's Hidden Potential: The Path to $50? READ MORE Add a Comment Cancel replyYour email address will not be published.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