ChainCatcher news, according to Jinshi reports, data from the U.S. Department of Labor shows that the number of initial jobless claims decreased last week, indicating that despite a cooling job market, the U.S. economy has avoided large-scale layoffs. The number of continuing unemployment claims reached the highest level in three years.

So far this year, labor market data has shown mixed signals, making the Federal Reserve's interest rate decisions in balancing employment and inflation targets more complex.