Lates News

Last week, the number of initial jobless claims in the United States remained almost unchanged, while the number of layoffs in February decreased significantly, which is in line with the stable trend in the labor market. The data indicates that the labor market is regaining its footing after setbacks last year. Economists believe that last year's fluctuations were due to the uncertainty caused by widespread tariffs imposed by Trump under a law aimed at responding to national emergencies. The "Beige Book" report released by the Federal Reserve on Wednesday also stated that the employment level has been "broadly stable in 12 districts, with 7 reporting no change in hiring." The report noted that "contacts in multiple districts cited rising non-labor input costs, weakening demand, or uncertainty about the overall economic situation as reasons for employment levels remaining stable or declining." Economists are optimistic that with demand stimulated by tax cuts, the labor market will regain momentum this year.