Lates News

The continued decline in the number of people filing for unemployment benefits in the United States to the lowest level in nearly two years indicates that despite facing new economic headwinds, the labor market remains stable. Data shows that for the week ending March 14, the number of people filing for continued unemployment benefits decreased by 32,000 to 1.819 million, the lowest level since May 2024. Although well-known companies such as CBS and Meta have announced layoffs, the number of unemployment claims remains at a relatively low level. However, with the Iran war causing oil prices to soar, many economists have revised down their forecasts for the US economy this year and raised their expectations for the unemployment rate.