- US jobless claims fell to 197,000 last week
- The figure came in below market expectations
- Hiring remains slow despite few layoffs
Fewer Americans filed for unemployment benefits last week, with claims dropping to 197,000. The figure came in under expectations and points to few layoffs across the US economy.
Hiring, however, has stayed slow. Investors now have to balance a resilient job market against the risk of higher inflation.
The latest reading also keeps attention on the Federal Reserve and its likely move on interest rates.
