The number of first-time unemployment claims in the United States last week fell to 231,000, lower than expected!

The financial market had previously expected:

"The Federal Reserve will start an easing cycle next month and cut interest rates by 25 basis points, but the possibility of a 50 basis point cut is not ruled out."

The number of people continuing to apply for unemployment benefits rose slightly to 1.868 million, the highest level since November 2021.

Last week, the number of first-time unemployment claims in the United States fell slightly, and the labor market stabilized.

On Thursday, August 29, data released by the U.S. Department of Labor showed that the number of first-time unemployment claims in the United States in the week of August 24 was 231,000, lower than the expected and previous value of 232,000.

Analysts believe that the number of unemployment claims is still consistent with the steady cooling of the labor market, which may help ease people's concerns about the rapid deterioration of the economy. However, there are fewer and fewer re-employment opportunities for laid-off workers, indicating that the unemployment rate may remain high in August.

After the data was released, U.S. Treasury yields rose in the short term, the three major U.S. stock index futures rose slightly, and the U.S. dollar index rose in the short term, up 0.33% on the day.