#uscontinuingjoblessclaims1.774m
US continuing jobless claims fall to 1.774 million — focus remains on hiring
Continuing jobless claims in the United States decreased by 1,000 to 1.774 million for the week ending August 29. This figure measures the number of people claiming benefits after the first week of unemployment.
Initial claims also fell by 1,000 to 206,000 for the week ending September 5, according to a statement by the Ministry of Labor issued on September 10.
My read: The numbers suggest hiring conditions are largely stable. However, this small weekly decline does not provide enough evidence that finding a new job has become easier.
For markets, steady hiring may give the Federal Reserve more room to wait before easing policy, especially if inflation rates remain strong. This makes the upcoming inflation report relevant to how investors interpret this jobs update.
As for cryptocurrencies, I’m watching Treasury yields and the dollar for signs that interest-rate expectations are shifting. This release alone does not provide a strong enough reason to take a clear directional position.
What weighs more in your view of your markets right now: employment or inflation?
Follow-up, please
$MARSCOIN $CHIP $IOST
US continuing jobless claims fall to 1.774 million — focus remains on hiring
Continuing jobless claims in the United States decreased by 1,000 to 1.774 million for the week ending August 29. This figure measures the number of people claiming benefits after the first week of unemployment.
Initial claims also fell by 1,000 to 206,000 for the week ending September 5, according to a statement by the Ministry of Labor issued on September 10.
My read: The numbers suggest hiring conditions are largely stable. However, this small weekly decline does not provide enough evidence that finding a new job has become easier.
For markets, steady hiring may give the Federal Reserve more room to wait before easing policy, especially if inflation rates remain strong. This makes the upcoming inflation report relevant to how investors interpret this jobs update.
As for cryptocurrencies, I’m watching Treasury yields and the dollar for signs that interest-rate expectations are shifting. This release alone does not provide a strong enough reason to take a clear directional position.
What weighs more in your view of your markets right now: employment or inflation?
Follow-up, please
$MARSCOIN $CHIP $IOST
