The number of initial jobless claims rose slightly last week, indicating that the U.S. labor market remains robust
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Last week, the number of initial jobless claims in the United States slightly increased to 219,000, although it remains low, indicating a robust job market. The number of continuing jobless claims rose to 1.89 million. The number of layoffs in January fell to nearly 50,000, the lowest level since 2022, but there have been significant layoff announcements in early February. The Federal Reserve is paying attention to the employment situation and is considering interest rate cuts. The ADP report shows that employment increased by 183,000 in January, exceeding market expectations
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