Jobless Claims Remain Low as Labor Market Stays Resilient

Unemployment benefit claims dipped slightly to 210,000 last week, indicating the job market remains strong.

The 4-week average of claims rose slightly to 211,250.

1.8 million Americans were collecting unemployment benefits as of March 9, a modest 4,000 increase.

Job cuts remain low compared to pre-pandemic levels despite some high profile tech layoffs.

The economy and job market have stayed resilient even as the Fed raised rates to fight inflation.