US weekly jobless claims drop more than expected

Initial U.S. unemployment claims fell to 215,000 last week, below forecasts, suggesting the labor market is holding up.
The jobless rate has been steady at 4.3% for three months, though continuing claims rose a bit, signaling cautious hiring.
Many are facing longer jobless spells and recent grads are struggling to find entry-level work—partly blamed on slower hiring and use of AI.