US Jobless Claims Slip to 213,000 Amid Middle East Conflict

Initial unemployment claims fell to 213,000 last week, suggesting a steady labor market. However, the conflict with Iran and rising oil prices pose new risks.

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New applications for unemployment benefits in the United States declined last week, suggesting that the labor market remains on solid footing despite a contraction in payrolls during February. However, the ongoing conflict between Israel and Iran has emerged as a primary threat to economic stability, driving up energy costs and complicating the outlook for inflation.

A person walks past a sign seeking new employees at a local business in Cambridge, Massachusetts, during the summer of 2022. REUTERS/Brian Snyder/File Photo
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