Episode Details

Unemployment claims hit a new low of 206,000 last week, signaling strong job market resilience despite global economic turbulence. Companies are holding onto staff, not firing — a “no hire, no fire” strategy fueled by lingering worker shortages from the pandemic. While the unemployment rate remains at a healthy 4.1%, fewer people are actively seeking work — over 1.3 million have dropped out of the labor force in the past year. Job creation is still happening, but at a much slower pace than the boom years of 2021-2022. It’s a steady, cautious market — not a sprint, but a marathon.

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