Jobless claims fall to 7-week low, but watch out. Trade wars could hurt U.S. labor market. - MarketWatch
1. Unemployment claims fell to a seven-week low, suggesting labor market stability. 2. Trump announced steep tariffs, raising concerns about economic slowdown. 3. Initial jobless claims dropped by 6,000 to 219,000 last week. 4. Continuing claims rose to 1.9 million, the highest since the pandemic. 5. Hiring may slow due to trade wars and chronic labor shortages.