And we are still in the low hire low fire economy.
Initial claims fell tp 202,000 and continuing claims rose to 1.84 million.
I have no clue as to what it all means.
Applications for US unemployment benefits fell last week to one of the lowest levels in the last two years, suggesting layoffs remain low.
Initial claims decreased by 9,000 to 202,000 in the week ended March 28, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 212,000.Continuing claims, a proxy for the number of people receiving benefits, rose to 1.84 million in the previous week.
Thursday’s figures, alongside other recent data, illustrate a labor market that is still stuck in a “low-hire, low-fire” phase. Initial claims have hovered at relatively low levels in recent weeks, suggesting employers are holding onto current workers even as hiring has slowed.
Separate data released earlier this week showed hiring in February slowed to the weakest pace in nearly six years. Data earlier Thursday from outplacement firm Challenger, Gray & Christmas Inc. showed in the first quarter of 2026, US employers announced 217,362 job cuts, the lowest total for this period since 2022.
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