US jobless claims drop as trade deficit expands in February
Jobless claims fell to 202,000 last week while the trade deficit grew to 57.3 billion dollars in February. Rising energy costs add to economic uncertainty.
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The United States labor market demonstrated unexpected resilience as the number of new applications for unemployment benefits fell last week, signaling a period of relative calm despite mounting geopolitical risks. According to the Labor Department, initial claims for state unemployment benefits dropped by 9,000 to a seasonally adjusted 202,000 for the week ended March 28. This figure outperformed the 212,000 claims forecasted by economists, maintaining a range that suggests a low-hire, low-fire environment.
