💨 Abstract

Unemployment claims in the U.S. decreased by 10,000 to 236,000 last week, indicating minimal job cuts. The four-week average also fell, suggesting sustained low layoffs. However, hiring remains weak, leading to a "no hire, no fire" job market. While the unemployment rate is low, recent college graduates face a challenging job market, with an unemployment rate higher than the overall average.

Courtesy: WTOP Staff