Jobs 'AI'pocalypse No! Initial Jobless Claims Hover Near Record Lows

The number of Americans filing for unemployment benefits for the first time dropped to 203k last week

The first time initial jobless claims hit this level was in May 2022.

New York and Illinois saw the largest rise in initial claims while California and New Jersey saw the biggest declines...

Continuing jobless claims also dropped, holding below the 1.8 million Americans Maginot Line...

Another week, another confirmation that the 'low hire, no fire' economy remains the driving force and the Jobs AIpocalypse remains absent for now.