🔥 US WEEKLY JOBLESS CLAIMS FALL TO 196K
The U.S. labor market delivered a stronger-than-expected update today.
Initial jobless claims fell 10,000 to 196,000 for the week ended September 12, down from 206,000 previously and below economists’ expectations of roughly 207,500–208,000.
The four-week average also declined to 203,250, while continuing claims dropped to 1.73 million. The figures point to relatively low layoffs, although economists caution that the recent Labor Day holiday may have distorted seasonal adjustments, so one week should not be viewed in isolation.
For markets, the data arrives at an important moment. Investors are watching employment closely alongside inflation and the Federal Reserve’s interest-rate path. U.S. stock futures moved higher after the release as traders assessed the latest labor-market signal.
196K claims. Lower than expected. The next question is whether this strength continues into the next employment report.
#USJoblessClaims #USStocks
The U.S. labor market delivered a stronger-than-expected update today.
Initial jobless claims fell 10,000 to 196,000 for the week ended September 12, down from 206,000 previously and below economists’ expectations of roughly 207,500–208,000.
The four-week average also declined to 203,250, while continuing claims dropped to 1.73 million. The figures point to relatively low layoffs, although economists caution that the recent Labor Day holiday may have distorted seasonal adjustments, so one week should not be viewed in isolation.
For markets, the data arrives at an important moment. Investors are watching employment closely alongside inflation and the Federal Reserve’s interest-rate path. U.S. stock futures moved higher after the release as traders assessed the latest labor-market signal.
196K claims. Lower than expected. The next question is whether this strength continues into the next employment report.
#USJoblessClaims #USStocks