US jobless claims fall, indicating labor market strength
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U.S. initial jobless claims dropped by 12,000 to 216,000 for the week ending October 26, matching levels last seen in mid-May and coming in well below market expectations of 230,000.
US jobless claims fall, indicating labor market strength This decline highlights the resilience of the U.S. labor market despite the Federal Reserve’s restrictive interest rate policy, supporting views that the Fed may hold off on further aggressive rate cuts in the near term. The 4-week moving average, which smooths out volatility, declined to 236,500.
US jobless claims fall, indicating labor market strength This decline highlights the resilience of the U.S. labor market despite the Federal Reserve’s restrictive interest rate policy, supporting views that the Fed may hold off on further aggressive rate cuts in the near term. The 4-week moving average, which smooths out volatility, declined to 236,500.