TechFlow news — On March 27, according to Jinshi Data, it is surprising that weekly jobless claims have remained so stable given all the factors impacting the labor market, most notably federal government layoffs led by the Department of Government Efficiency (DOGE). Over the past year, the figure has never risen above 260,000 nor fallen below 205,000, and data over the past four weeks have been particularly steady. Analysts at High Frequency Economics wrote: "Today's report certainly shows no sign of a weakening labor market."
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