Editor's PiCK
U.S. Initial Jobless Claims at 211,000... Labor Market Resilience Maintained
Summary
- The U.S. initial jobless claims fell below expectations, confirming the maintenance of labor market resilience.
- Continuing jobless claims were also lower than expected, showing a healthy labor market.
- A decrease in jobless claims indicates a reduction in the unemployed, signifying the healthy functioning of the labor market.
Last week's U.S. initial jobless claims fell below market expectations, indicating that the labor market's resilience remains robust.
According to the U.S. Department of Labor's report on the 2nd (local time), the number of initial jobless claims in the U.S. was 211,000, below the expected 222,000 and last week's revised figure of 220,000.
The number of continuing jobless claims, which represents those who have filed for unemployment benefits for two consecutive weeks, was also 1,844,000, significantly below the expected 1,890,000, suggesting that the labor market is still maintaining healthy resilience.
The jobless claims indicator is a measure of the U.S. labor market situation, and a decrease in jobless claims means a reduction in the unemployed, indicating that the labor and employment market is operating resiliently.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
