🚨US Job Market Update: Layoffs Stay Super Low
Today Top 3 Viral Coins watch these closely
The latest U.S. Initial Jobless Claims came in at 198K for the week ending Jan 10, beating expectations of 215K and marking the second-lowest reading in two years. Fewer people are being laid off, showing that companies are holding onto workers even as the economy slows. Continuing claims also fell 19K to 1.884M, keeping the downward trend going since October.
The labor market is resilient but not overheating. Low layoffs support the idea of a soft landing, while subdued hiring prevents wages from rising too fast, keeping inflation pressures in check. This is a ‘meh’ signal for markets—good for stability but unlikely to spark big moves.
The Department of Labor revised last week’s claims slightly down to 207K, and the 4-week average dropped to 205K. For the Federal Reserve, these numbers suggest they can stick to a slow-and-steady approach, with fewer aggressive rate cuts needed. Overall, jobs are holding up, but growth remains cautious.