Federal government layoffs ordered by the Department of Government Efficiency aren't yet showing up in the numbers
The labour market remains healthy with plentiful jobs and relatively few layoffs
It's the biggest monthly decline in consumer confidence since 2021: report
Layoffs ordered by the Department of Government Efficiency not yet reflected in the stats
Claims fell by 7,000 to 213,000 for the week ending Feb. 8
Claims rose by 11,000 to 219,000 last week
The Conference Board's consumer confidence index fell to 104.1 this month from 109.5 in December
Number of Americans receiving unemployment benefits climbed to highest level since November 2021.
Applications for jobless benefits rose by 14,000 last week
Citigroup, Wells Fargo and Goldman Sachs also issued strong results