Low Layoffs Continue as US Weekly Jobless Claims Slip to 213,000

The employment numbers gave the Federal Reserve a ‘complicated picture,’ said one market watcher.

A “now hiring” sign displayed at a grocery store in Washington on July 10, 2023. Madalina Vasiliu/The Epoch Times

The number of Americans filing for unemployment benefits slipped last week, signaling the low level of layoffs in today’s labor market.

Initial jobless claims declined by 1,000, to 213,000, for the week ending on March 7, according to new Department of Labor data released on March 12.