According to Jinshi Data, the number of initial unemployment claims in the United States fell last week as the impact of the hurricane gradually subsided. Earlier this month, Hurricane Helene disrupted economic activity in the southeastern United States, leading to a surge in initial unemployment claims. Initial unemployment claims have remained high in the middle of this month after Hurricane Milton hit Florida; a strike by Boeing factory workers also increased the number of unemployment claims, forcing the aircraft manufacturer to implement rolling furloughs. After the fluctuations of hurricanes and strikes, the situation in the US labor market may not have changed much. However, the storm and labor disputes may have suppressed job growth in October. Economists expect that Federal Reserve officials may ignore the employment report and cut interest rates by 25 basis points when they meet next week.