According to BlockBeats, on September 26, the number of initial unemployment claims in the United States fell to 218,000, a four-month low. In recent months, despite rising unemployment and slowing job creation in the United States, the number of initial unemployment claims has remained low. Economists say this is because workers who are eligible for such benefits are not unemployed. Although weekly layoff applications remain low, several large companies have announced or implemented layoff plans this month. Paramount Global carried out its second round of layoffs on Tuesday. General Motors announced last week that it would temporarily lay off two-thirds of the workers at an assembly plant in Kansas until mid-2025. If layoffs increase in the coming months and more Americans find themselves unemployed, Federal Reserve officials may consider cutting interest rates faster than currently expected. (Jinshi)

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