The weekly initial jobless claims in the United States have decreased, which may help the Federal Reserve pause interest rate cuts

ChainCatcher news, according to Jinshi reports, the number of initial jobless claims in the United States fell last week, indicating that the job market remained stable at the beginning of February. The U.S. Department of Labor announced on Thursday that for the week ending February 8, the seasonally adjusted number of initial jobless claims decreased by 7,000 to 213,000.

So far this year, the number of people applying for unemployment benefits has shown a downward trend, consistent with the historically low unemployment rate. This helps support economic expansion and allows the Federal Reserve to pause interest rate cuts while assessing the impact of the Trump administration's policies.

Economists believe that Trump's push for large-scale deportations of undocumented immigrants, imposing import tariffs, and tax cuts will lead to inflation. However, despite the low layoff rate, job opportunities for the unemployed are no longer as abundant as they were about a year ago, as businesses have adopted a wait-and-see attitude.