In a positive sign for the economy, US weekly jobless claims fell to 217,000, marking a three-month low and indicating strengthening in the labor market. This decrease represents the sixth consecutive week that jobless claims have declined, remaining at historically low levels. The latest reports highlight resilience in the labor market, with applications for jobless benefits dropping in states like New Jersey and Illinois as well. Meanwhile, Treasury yields have inched higher as employers appear to be holding onto workers amid steady job growth.