Editor's PiCK
U.S. Initial Jobless Claims at 223,000, Meeting Market Expectations
Summary
- The U.S. Department of Labor announced that last week's U.S. initial jobless claims were 223,000, meeting market expectations.
- The number of continued jobless claims for two consecutive weeks was counted at 1.85 million, lower than market expectations.
- These employment indicators are noted as important factors to gauge the situation of the U.S. labor market.
Last week's U.S. initial jobless claims met market expectations.
The U.S. Department of Labor announced on the 10th (local time) that last week's initial jobless claims were counted at 223,000. This figure meets the expert forecast of 223,000. It is 4,000 more than the revised figure of 219,000 from the previous week.
The number of continued jobless claims, which have been claimed for two consecutive weeks, was counted at 1.85 million. This is 43,000 and 30,000 below the previous week's revised figure of 1.89 million and the market expectation of 1.88 million, respectively.
The initial jobless claims are an indicator that can gauge the overheating situation of the U.S. labor market. An increase in jobless claims can be interpreted as a sign that the overheated labor market is cooling down.
Experts are closely watching employment indicators such as jobless claims. This is to understand the impact of U.S. President Donald Trump's federal government restructuring aftermath and tariff increases on corporate decision-making.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[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)
