On March 19, the number of initial jobless claims in the United States unexpectedly fell last week, indicating a stable labor market and a rebound in job growth in March. The U.S. Labor Department said on Thursday that initial jobless claims fell by 8,000 to a seasonally adjusted 205,000 for the week ending March 14, compared with market expectations of 215,000.
The U.S. government introduced new seasonality factors for 2026 and revised the seasonality factors for 2021-2025. Application data for 2021-2025 were also revised. While businesses were reluctant to increase staff due to uncertainty surrounding Trump's large-scale tariffs, layoffs remained low. Economists stated that the Trump administration's tightening immigration policies led to a reduced labor supply, which also hindered job growth. (Jinshi)
