Jobless Claims Drop, U.S. Job Market Stable Amid Pressure
Irvine 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, lower than expected, indicating rare layoffs despite economic challenges. Oracle, Morgan Stanley, Block, UPS, and Amazon cut jobs. Unemployment rate at 4.4% after revisions. Oil prices surge 40% due to Iran conflict, adding to inflation. Four-week average claims ease to 207,750. Continuing claims rise to 1.84 million. March jobs report due tomorrow. Job market steady but under pressure, Fed likely to pause rate hikes into late 2025.
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