The Illusion of Stability: Fewer Layoffs, But More People Stranded The next time you hear Washington bureaucrats crow about “low unemployment,” remember this: Americans haven’t had this much trouble finding work since 2021. Despite the lack of mass layoffs making headlines, the labor market is suffocating beneath the weight of tariff-fueled uncertainty, bloated regulations, and the sort of policy improvisation that only a desperate government can deliver. Fresh data released this morning show a seemingly reassuring decline in first-time unemployment claims, which fell by 5,000 last week to 227,000. But if you look past the surface, you’ll find a more disturbing reality: people who’ve already lost their jobs simply can’t find new ones. Continuing claims—the tally of Americans still drawing…
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