AI Data Insight
The latest US continuing jobless claims recorded 1.844 million, an increase of 17,000 from the previous value of 1.827 million, ending a two-week downward trend. Although the data showed a weekly rebound, considering that January non-farm payrolls added 130,000 jobs and the unemployment rate fell to 4.3%, the market tends to believe that the labor market remains robust, and the urgency for a Federal Reserve rate cut mid-year has decreased accordingly.