Summary
- The U.S. initial jobless claims fell short of expectations, demonstrating labor market resilience.
- The continuing jobless claims exceeded expectations, indicating an important measure of the labor market situation.
- As jobless claims decrease, it suggests continued stability in the employment market.
Last week's U.S. initial jobless claims fell short of market expectations.
According to the U.S. Department of Labor's report on the 26th (local time), the U.S. initial jobless claims were 219,000, lower than the expected 223,000 and last week's revised figure of 220,000.
The number of continuing jobless claims, which refers to those who have claimed unemployment benefits for two consecutive weeks, was 1,911,000, exceeding the expected 1,880,000.
The jobless claims indicator is a measure of the U.S. labor market situation, and a decrease in jobless claims indicates a reduction in the number of unemployed, suggesting that the labor and employment market is moving resiliently.
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