197,000. The US labor market simply refuses to crack. 💪
Initial jobless claims fell to 197K for the week ended September 19, and the four-week average dropped to about 202K. A year ago the average was near 237K, so layoffs are running well below last year's pace.
For workers, that is good news. For markets, it complicates things: a strong labor market gives the Fed no reason to ease, right after it raised rates, with another payrolls report due Friday.
A healthy economy and a tight Fed at the same time means crypto has to earn every rally on its own strength.
DYOR 🚀
#JoblessClaims #Fed #Macro #Sulaiman零号猎人
#usweeklyjoblessclaimsfallto197000
Initial jobless claims fell to 197K for the week ended September 19, and the four-week average dropped to about 202K. A year ago the average was near 237K, so layoffs are running well below last year's pace.
For workers, that is good news. For markets, it complicates things: a strong labor market gives the Fed no reason to ease, right after it raised rates, with another payrolls report due Friday.
A healthy economy and a tight Fed at the same time means crypto has to earn every rally on its own strength.
DYOR 🚀
#JoblessClaims #Fed #Macro #Sulaiman零号猎人
#usweeklyjoblessclaimsfallto197000