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US Jobless Claims Rise to 215K as Labor Market Softens

Initial jobless claims climbed to 215,000 last week, signaling cooling in the U.S. labor market. The increase marks a shift from recent tightness in employment conditions. Recent employment tightness had supported consumer spending and logistics demand. Bond market strategists say the data reinforces expectations for moderating economic growth in coming quarters. Portfolio managers across major asset management firms are reassessing credit exposure and cyclical sectors tied to employment levels. The uptick in claims follows months of stability. Current levels remain consistent with healthy labor market fundamentals. Logistics operators are monitoring employment trends closely, as consumer spending patterns directly influence freight volumes and transportation demand.