The number of initial jobless claims in the United States increased slightly last week, indicating that the labor market remains robust

The number of initial jobless claims in the United States increased slightly by 5,000 last week to 219,000, still close to pre-pandemic levels, indicating a robust labor market. The number of continuing jobless claims rose to 1.869 million, in line with expectations. Economists are paying attention to jobless claims data to assess the impact of layoffs under the Trump administration on the economy. Experts point out that a reduction in government hiring may lead to a slowdown or layoffs in the private sector. The Federal Reserve is monitoring the potential impact of Trump’s policies on inflation, believing that labor market indicators need to be closely watched