Economist Weighs In on Chances of Economy Making ‘Soft Landing’

Fewer jobless claims may be a heartening indication the U.S. economy could ultimately cruise to a “soft landing” despite recession fears.

New applications for unemployment benefits last week dropped by 6,000 to 222,000 — the lowest since June.

The numbers in a category seen as a proxy for layoffs signal the economy is still adding jobs despite Federal Reserve Chair Jerome Powell’s efforts to slow spending and rein in inflation, the Washington Examiner reported Monday.

Read more at Newsmax© 2022 Newsmax. All rights reserved.

Headlines