US labour market data: Applications for jobless claims dip slightly; range below economists' forecast

Jobless claims modestly decreased to 224,000, staying near historic lows, despite a grim July jobs report that led to personnel changes at the Bureau of Labor Statistics. While layoffs remain low, there are signs of labor market deterioration, including declining job vacancies and increased difficulty in finding employment. Concerns persist that tariffs could negatively impact the economy and raise inflation.