Unemployment Claims Drop to Lowest Level in Two Months; No Indications of Trade Wars Causing Increased Layoffs.

If the stress of trade wars begins to impact the U.S. economy, one of the initial indicators could be a rise in layoffs and unemployment. However, there are currently no signs that the labor market is experiencing difficulties. Last week, the number of individuals applying for unemployment benefits decreased by 9,000 to 215,000, reaching a two-month low.