U.S. Unemployment Claims Stay Low Amid Economic Pressures

Despite Federal Reserve's efforts to cool the economy, the labor market continues to show strength with low unemployment levels.

The number of Americans filing for unemployment benefits last week was 209,000, showing a slight decrease from the previous week's 208,000.
Despite 11 rate hikes by the Federal Reserve since March 2022 aimed at controlling inflation, the labor market remains robust with low unemployment levels.
In February, the U.S. added 275,000 jobs, indicating the economy's resilience amidst high interest rates.
The unemployment rate slightly increased to 3.9% in February, marking the highest rate in two years but still historically low.
Recent layoffs have been noted in the technology and media sectors, with companies like Google, eBay, and the Los Angeles Times announcing job cuts.