Last week, the number of Americans applying for new unemployment benefits remained steady and at a low level, indicating ongoing strength in the job market.
The Labor Department reported that initial claims for state unemployment benefits were unchanged at a seasonally adjusted 212,000 for the week ending April 13.
Economists surveyed by Reuters had predicted 215,000 claims for the week. Throughout the year, claims have fluctuated between 194,000 and 225,000.
The robust labor market, which is fueling the economy, combined with high inflation rates, has led financial markets and some experts to speculate that the Federal Reserve might postpone interest rate cuts until September. However, some economists are skeptic ...
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