US jobless claims fell to 201,000 last week, lowest level in nearly a year. The historically low layoffs suggests a healthy labor market for the near-term outlook. “The Fed says rate cuts from here on out will be gradual,” says Carl Weinberg, chief economist at High Frequency Economics. “Today’s claims data say that they need not be in a rush to ease monetary conditions. Fed policy is aimed at supporting the economy and the job market before a recession shapes up.”
