Market News / Story
U.S. jobless claims hit 1969 milestone in 'low-hire, low-fire' labor market
Seeking Alpha ·
Seeking Alpha reports: The U.S. labor market continues to display resilient layoff defense paired with sluggish hiring momentum, as weekly unemployment claims held below 200K for a fourth consecutive week. Initial jobless claims printed at 197K in the latest week, extending the longest sub-200K streak since 1969 and bringing the four-week moving average down to its lowest level since September 2022. Regional data show the number of states experiencing year-over-year claims jumps above 20%…