No signs of labour market weakness in this week's initial claims report: analysts
On March 27, considering all the factors hitting the labour market - not the least of which is the federal government cutbacks led by the Department of Governmental Efficiency (DOGE) - it is surprising that weekly jobless claims have remained so stable. Over the past year, the number has never been higher than 260,000 or lower than 205,000, and it's been particularly steady over the past four weeks, writes analysts at High Frequency Economics: ‘There's certainly no sign of a weakening labour market in this report today.’ (Golden Ten)
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