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Hello, TA pros!
Continuing jobless claims just hit 1.97 million, the highest level since late 2021, as more workers stay unemployed longer. What’s behind the numbers? Employers seem to be slowing hiring without triggering major layoffs (yet). But with tariffs pushing prices up and margins down, some Fed officials warn that headcount reductions could be on the horizon.
Though the latest JOLTS data is stronger than expected. The number of job openings rose to 7.8M in May 2025—well above market expectations of 7.3M.
Sign up for our Talent Market Index, linked below, where we’ll hear from two leading economists on what to expect next.