According to Jinshi, the number of initial unemployment claims in the United States last week was lower than expected, and the number of continuing unemployment claims continued to rise, indicating that the labor market is still quite tight. The U.S. Department of Labor announced that the number of initial unemployment claims fell by 11,000 to 211,000 in the week ending April 6, seasonally adjusted. The number of continuing unemployment claims increased by 28,000 to 1.817 million in the week ending March 30. Despite the Federal Reserve's sharp interest rate hikes to curb inflation, the labor market remains resilient. Job growth accelerated in March, and the unemployment rate fell to 3.8% from 3.9% in February. The strong job market and high inflation have forced financial markets to postpone expectations of the Fed's first interest rate cut from June to September.