Unemployment drop suggests most U.S. workers continue to enjoy job security
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The weekly jobless claims numbers are a proxy for layoffs, and those have remained below pre-pandemic levels. The unemployment rate is at a modest 4.2%, though that is up from a half-century low of 3.4% reached in 2023.
The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most U.S. workers continue to enjoy unusually high job security.