Editor's PiCK
22,400 New Unemployment Claims in the US Exceed Expectations; Trade Deficit Decreases
Summary
- The number of new unemployment claims in the United States exceeded market expectations, recording 224,000.
- The number of continued unemployment claims slightly fell short of expectations, but the recovery of the labor market's resilience remains distant.
- The trade deficit for October recorded a lower-than-expected $73.7 billion, showing a decreasing trend.
This week's new unemployment claims in the United States exceeded market expectations.
According to the U.S. Department of Labor's announcement on the 5th (local time), the number of new unemployment claims was 224,000, significantly exceeding the expected 215,000. The number of continued unemployment claims, which have been filed for two consecutive weeks, was 1,871,000, slightly below the expected 1,910,000. Despite the tremendous rise in asset markets since Trump's election, the labor market, a core component of the real economy, has yet to regain its resilience.
At the same time, the trade deficit for October showed a decrease. Last month's trade deficit amounted to $83.8 billion, but the October trade deficit recorded $73.7 billion, lower than the expected $75.7 billion.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
