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Job Market Stays Steady, No Hires or Fires | Durham News
The job market’s holding steady with unemployment claims dipping to 206K—a sign companies are keeping their current staff intact. After a year of hovering between 200K-230K weekly filings, layoffs remain low, while the unemployment rate sits at just 4.1%. Fewer people are actively job hunting, partly due to retirement and others exiting the labor force. Employers aren’t rushing to hire either—still cautious from post-COVID worker shortages—but they’re also avoiding cuts, creating a “no hire, no fire” dynamic. Monthly job gains of 61K are up from last year but lag behind pre-pandemic momentum…
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