Initial US jobless claims fell by 9,000 to 202,000 in the week ended March 28,
below forecasts, Labor Department data showed. Continuing claims rose to 1.84
million.
The figures point to a “low-hire, low-fire” labor market, with layoffs subdued
even as hiring slows. February hiring was the weakest in nearly six years, while
first-quarter job cuts totaled 217,362, the lowest for the period since 2022,
according to Challenger, Gray & Christmas.
