Odaily Planet Daily reported that the number of initial jobless claims in the United States decreased last week, indicating that the job market remained stable in early February. The US Department of Labor announced on Thursday that the number of initial jobless claims for the week ending February 8th decreased by 7000 seasonally adjusted to 213000. So far this year, the number of people applying for unemployment benefits has shown a downward trend, consistent with the historically low unemployment rate. This will help support economic expansion and allow the Federal Reserve to pause interest rate cuts when evaluating the impact of the Trump administration's policies. Economists believe that Trump's push for mass deportation of undocumented immigrants, imposition of import tariffs, and tax cuts will lead to inflation. However, despite the low layoff rate, there are no longer as many job opportunities for the unemployed as about a year ago, and companies have adopted a wait-and-see attitude. (Golden Ten)
