Jobless Claims in U.S. Decrease as Employers Retain Staff

The video discusses the latest unemployment claims, which have slightly increased to 297,000, and the revisions of previous weeks' numbers. It sets the stage for the upcoming jobs report, with economists expecting an increase of 230,000 jobs and a steady jobless rate of 5.8%. The impact on financial markets is minimal, with little change in the S&P 500 and Dow Futures. The labor market is improving steadily, and economists anticipate a slight increase in average hourly earnings, indicating potential wage growth.

What was the jobless rate expected to remain at, and what does this indicate?

What are the expected changes in average hourly earnings according to economists?