US weekly jobless claims fall as labor market stays stable for now
- The number of Americans filing new unemployment claims fell by 6,000 to 219,000, indicating continued labor market stability, according to the Labor Department.
- Low layoffs have helped keep the labor market stable despite concerns over potential impacts from tariffs, according to economists.
- Business and consumer sentiment has decreased significantly, which may affect investment and demand for workers.
- While layoffs are low, hiring has been weak, causing those who do lose jobs to experience long unemployment periods.
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US weekly jobless claims fall as labour market stays stable for now
WASHINGTON: The number of Americans filing new applications for unemployment benefits fell last week, pointing to continued labour market stability ahead of potential volatility from import tariffs.
·Malaysia
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Total News Sources24
Leaning Left4Leaning Right6Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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