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US jobless claims drop sharply, but tariff tensions cloud labour market outlook
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Despite escalating trade tensions and economic uncertainty, initial jobless claims unexpectedly fell, indicating resilience in the labor market. However, economists remain cautious due to tariff impacts and potential inflation. While employers hesitate to lay off workers, some trade-exposed businesses have initiated modest job cuts, and the median duration of unemployment has increased, signaling potential challenges ahead.
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‘Connections wide and deep’: Melania Trump puts Hunter Biden on $1B notice over Jeffrey Epstein link; calls claims ‘false and defamatory’
Melania Trump has issued a $1 billion legal notice to Hunter Biden, alleging defamation related...