US Jobless Claims Fall Again Amid Continued Labor Market Strength

Weekly jobless claims dropped to a two-month low of 228,000, signaling ongoing labor market resilience.
The low level of continuing claims indicates laid-off workers are quickly finding new jobs.
Despite recent high-profile layoffs in tech, businesses overall are not reducing workforces.
Regional variations persist, with increases in some states and decreases in others.
The still-strong job market supports additional Fed interest rate hikes to combat inflation.