Jobless Claims Drop, but Layoffs Loom
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. jobless claims drop to 202,000, beating expectations, as layoffs remain low despite job market cooling. Major companies like Oracle cut jobs, while others announce cuts. Inflation stubbornly high at 2.8%, with oil prices surging due to Iran war. Fed holds rates steady, awaiting March jobs numbers for potential shifts in low-hire, low-fire job market.
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