US jobless claims below 200,000 for 3rd week as layoffs fall: Will Fed raise rates?

US jobless claims stay below 200,000 for three weeks as markets assess the Fed's next rate move. (Pexel/Representative image) (Pexel)

New applications for US unemployment benefits fell last week, showing that layoffs remain low despite rising costs and economic uncertainty. The latest data suggest that the US labour market is still stable, even as companies remain careful about hiring new workers, according to a report from the US Labor Department. US jobless claims stay below … Read more