It's Thursday ¯\_(ツ)_/¯

And we are still in the low hire low fire economy. Initial claims fell tp 202,000 and continuing claims rose to 1.84 million. I have no clue as to what it all means. > Applications for US unemployment benefits fell last week to one of the lowest levels in the last two years, suggesting layoffs remain low. > > Initial claims decreased by 9,000 to 202,000 in the week ended March 28, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 212,000. > > Continuing claims, a proxy for the number of people receiving benefits, rose to 1.84 million in the previous week. > > Thursday’s figures, alongside other recent data, illustrate a labor market that is still stuck in a “low-hire, low-fire” phase. Initial claims have hovered at relatively low levels in recent weeks, suggesting employers are holding onto current workers even as hiring has slowed. > > Separate data released earlier this week showed hiring in February slowed to the weakest pace in nearly six years. Data earlier Thursday from outplacement firm Challenger, Gray & Christmas Inc. showed in the first quarter of 2026, US employers announced 217,362 job cuts, the lowest total for this period since 2022.