Summary
Initial jobless claims in the U.S. have fallen to a four-month low of 218,000, indicating a stable labor market. This decrease comes just after the Federal Reserve’s decision to cut interest rates by 50 basis points, suggesting a potential shift in economic conditions.
The latest data shows a decrease in initial jobless claims, down from a revised figure of 222,000 the previous week. This decline is notable as it reflects a steady labor market, with Texas and New York reporting the largest drops in claims. Continuing claims have increased slightly to 1.834 million, indicating that while initial claims are dropping, some individuals are still facing prolonged unemployment. Analysts suggest that if the trend in jobless claims continues, it could lead to further reductions in unemployment rates, raising questions about the economic backdrop that prompted the Fed’s recent rate cut.
Forexlive Americas FX news wrap: US dollar fades as China trades jump
Sep. 26 / Forexlive “ Markets: The market is buzzing with talk about China stimulus as the politburo pledged to deploy the "necessary spending" to spark 5% GDP growth this year...
U.S. weekly jobless claims fall to four-month low of 218,000
Sep. 26 / Upi “ Sept. 26 (UPI) -- The number of people filing for weekly unemployment benefits for the first time dipped to a seasonally adjusted 218,000, its lowest number...
Initial Jobless Claims Drop Back Near Multi-Decade Lows
Sep. 26 / Zerohedge “ Just a week after The Fed slashed rates by a crisis-like 50bps, initial jobless claims tumbled back towards multi-decade lows (217k)... Source: Bloomberg...
Initial Jobless Claims Drop Back Near Multi-Decade Lows
Sep. 26 / Zerohedge “ Just a week after The Fed slashed rates by a crisis-like 50bps, initial jobless claims tumbled back towards multi-decade lows (217k)... Source: Bloomberg...