US unemployment claims fall below forecasts, but consumer confidence in job market remains weak.

US job market stability persists with initial unemployment claims dropping to 207,000 for the week ending January 25, lower than economists' forecast. However, consumer confidence in job prospects is weakening, with more Americans viewing jobs as hard to find. Businesses are slowing hiring amid uncertainty over the Trump administration's policies on taxes, tariffs, and deportations, and the number of continuing claims remains elevated at 1.858 million, indicating a tighter job market.

2 months ago
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