Good Thursday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Continia and David Faber. We are live as always at post nine of the New York Stock Exchange. We've got two cannot miss interviews coming your way. Just a moment. Paramount Skydance CEO, David Ellison will be with us live from the Paramount Lot in his first interview since the company beat out Netflix in the battle for Warner Brothers. Plus, we will hear

from Salesforce CEO Mark Beniof, his stock climbing today, but down more than 20% this year

on fears that AI will eat into the software business. But guys, let's return to the economic

data because it is a jobs week. We get the big jobs report on Friday, and we have a lot of good sources of information showing that the jobs market is okay, in decent shape. Okay, so let's start with this morning. We got the weekly jobless claims number. So the number of Americans filing for unemployment claims, guess what? It was a little bit better and still continues to paint a pretty

okay picture where you're not seeing any kind of spike in layoffs. Jobless claims came in a

213,000. 215,000 was the estimate, so it was better than that. 213 was prior, so it stabilizes.

The four-week moving average, just to smooth out all the weeks of all all this noise down to 215, which is actually a four-week low.

That is good news.

It means that companies aren't picking up their layoffs.

And we had another piece of good news on that front as well from the Challenger Grand Christmas.

This is the private sector report that does layoff announcements. And here's what they said,

48,307 job cuts in February. And that was down 55% from January. This is clearly a volatile series.

Down 72% from the same month last year. So really, the whole low hire, low fire kind of narrative around the jobs report holds up

with this layoff data.

And then on the hiring side, so that's the layoff side.

On the hiring side, Carl, we didn't really talk about it, but ADP yesterday for the month

of February was good.

63,000 jobs added in the month, 50K expected.

It doesn't necessarily correlate that well with the monthly government

jobs report, which we'll get tomorrow, but it's just good information. And I think it reinforces

the Fed's characterization of the labor market, which is stable. Yeah, although of the 63, as you

saw, 58 was education and health care. We lost 28 in financials, professional business services.

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