US weekly jobless claims increase marginally amid low layoffs

Initial U.S. jobless claims increased marginally last week, signaling that layoffs remain relatively low. The report is broadly neutral for markets, though the mention of the war with Iran adds a mild geopolitical drag to the labor-market backdrop.

Analysis

Initial U.S. jobless claims increased marginally last week, signaling that layoffs remain relatively low. The report is broadly neutral for markets, though the mention of the war with Iran adds a mild geopolitical drag to the labor-market backdrop.