#USJoblessClaimsDrop #USJoblessClaimsDrop The U.S. labor market continues to show resilience, as evidenced by the recent decline in jobless claims. Initial jobless claims fell 10,000 to a seasonally adjusted 201,000 in the week ended January 4, 2025, the lowest level since February 2024.

The unexpected decline contrasted with economists’ expectations of 218,000 claims last week. The four-week moving average, which helps smooth out volatility, also fell 10,250 to 213,000, indicating a sustained low pace of layoffs. $XRP