The economic landscape in this country looks very different now than it did four weeks ago, when the U.S. and Israel began waging a new war in Iran that has spread throughout the region. And the economic impact has been nothing but negative.
Unemployment insurance claims dropped more than expected last week. The number of people filing for jobless benefits for the first time fell to 205,000, the lowest level since January.
The Fed is charged with promoting a strong economy by maintaining stable prices and maximum employment, but the latter could be a challenge with a job market that’s slowing.
Lindsay Ellis at the Wall Street Journal wrote about a trend in which “reverse recruiters” are pitching themselves to job seekers to help them find jobs.
Americans were less worried about the short-term trajectory of inflation and hiring in January, according to a survey by the Federal Reserve Bank of New York.