In a surprising turn, jobless claims in the U.S. have decreased significantly, dropping by 33,000 to 231,000 after reaching a four-year high. This decline may indicate a stabilizing job market as the nation continues to recover from the pandemic.
Applications for US unemployment benefits soared to a four-year high, signaling potential layoffs as hiring slows. Initial claims rose by 27,000, reaching 263,000 last week, the highest since October 2021.
