US unemployment claims saw a sharper-than-expected drop last week, signaling continued labor market strength. Despite this positive sign, a rise in continuing claims suggests employers are cautious about hiring, potentially impacting job seekers, especially recent graduates facing competition from AI. The median unemployment duration has also lengthened, indicating a tougher job search for many.
US weekly jobless claims unexpectedly dropped last week, indicating ongoing labor market strength. Yet, a rise in continuing claims suggests employers are cautious with new hires, potentially affecting job seekers, particularly recent graduates. The median unemployment duration…
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