What impact will it have?
The number of initial unemployment claims in the United States has soared! ! !
According to the latest data, the number of initial unemployment claims in the United States was 249,000 in the week ending July 27, exceeding the market expectation of 236,000 and setting a new high since August 5, 2023. At the same time, the number of continuing unemployment claims in the week ending July 20 was 1.877 million, also higher than the expected 1.856 million. The previous value of 1.851 million was revised to 1.844 million, showing that the market is paying more attention to the employment situation.
The number of initial unemployment claims increased: The increase in the number of initial unemployment claims to 249,000, far higher than expected and the previous value, indicating that there is some pressure in the job market. This data point not only exceeded market expectations, but also refreshed the recent high, which may suggest that the pace of economic recovery faces challenges.
Changes in the number of continuing unemployment claims: Although the increase in the number of continuing unemployment claims is less than expected, the revision of the data indicates that the previous data may underestimate the actual number of unemployed people. This further confirms the problems in the job market.
Adjustment of market expectations: The weakness in the job market may prompt the market to adjust its expectations for future economic policies. Especially in the context of slowing economic growth, the increase in the number of initial unemployment claims may trigger a reassessment of future monetary policies.
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