AI Data Insight
For the latest week, the number of US initial jobless claims climbed to 229,000, higher than the previous 225,000 and market expectations, setting a four-month high. In addition to the interference of seasonal factors such as holidays, the effect of tech layoffs is also gradually emerging. With both continuing claims and the four-week moving average trending upward, the cooling labor market will provide more flexibility for the Federal Reserve's future interest rate cut decisions.