US Labor Market
The 200,000 Floor: US Labor Market Tightens as Fed Prepares for 2026 Transition
As 2025 draws to a close, the United States labor market has delivered a final, surprising signal of resilience that complicates the Federal Reserve's path for the coming year. For the week ending December 27, 2025, initial jobless claims plummeted to 199,000, breaking below the psychologically significant