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US jobless benefit applications rise modestly as labor market remains largely unfazed by trade war [Yahoo! Finance]
Last starbucks corporation earnings: 4/28 04:05 pm
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Jobless claim filings inched up by 4,000 to 223,000 for the week ending April 5, the Labor Department said Thursday. That's less than the 225,000 new applications analysts forecast. Weekly applications for jobless benefits are considered a proxy for layoffs, and have mostly ping-ponged between 200,000 and 250,000 for the past few years. Even though President Donald Trump put a 90-day pause on most of his widespread tariff hikes Wednesday, concerns remain about a global economic slowdown that could upend what has been an incredibly resilient labor market. Like his pledge to institute tariffs, Trump's promise to drastically downsize the federal government workforce is fully in motion. It's not clear when the job cuts ordered by the Department of Government Efficiency — or “DOGE,” spearheaded by Elon Musk — will surface in the weekly layoffs data, Federal agencies that have either announced layoffs or are planning cuts include the Department of Health and Human Services IRS Sm
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