AI Data Insight
The latest weekly US initial jobless claims were recorded at 212,000. Although slightly up from the previous value of 206,000, it remained below market expectations of 215,000, indicating the labor market remains robust. Continuing claims, which better reflect current employment conditions, decreased significantly by 31,000 to 1.833 million, hitting a near ten-month low and alleviating market concerns that slowing hiring could evolve into a wave of layoffs.