U.S. Jobless Claims Hit 5-Week Low at 201,000

The drop in unemployment claims signals a resilient labor market, despite recent high-profile layoffs.

Weekly jobless claims in the U.S. fell to a seasonally adjusted 201,000, marking a five-week low.
The decrease in claims comes amid layoffs in technology and media sectors, but overall layoffs remain low.
The four-week moving average for initial unemployment insurance filings dropped to 215,250.
The U.S. economy added 353,000 jobs in January, with the unemployment rate holding steady at 3.7%.
Despite efforts by the Federal Reserve to cool the economy, the labor market remains strong with low unemployment and high job vacancies.