🇺🇸 US jobless claims hit historic lows, with layoffs nearly disappearing
Just 200,000 Americans filed for unemployment last week, marking nine consecutive weeks at or below that level for the first time since records began in 1967.
The four-week average held at an all-time low of 195,250, while continuing claims remained near three-year lows.
Even with sluggish hiring, employers are holding on to existing workers.
That's welcome news for the Fed, which can focus more on inflation without worrying as much about mass layoffs.
America's labor market is increasingly defined by low hiring and even lower firing.
Just 200,000 Americans filed for unemployment last week, marking nine consecutive weeks at or below that level for the first time since records began in 1967.
The four-week average held at an all-time low of 195,250, while continuing claims remained near three-year lows.
Even with sluggish hiring, employers are holding on to existing workers.
That's welcome news for the Fed, which can focus more on inflation without worrying as much about mass layoffs.
America's labor market is increasingly defined by low hiring and even lower firing.
