TREE NEWS reports: US continuing jobless claims for the week ended August 29 came in at 1.774 million, below the 1.78 million expected and down from the prior reading of 1.779 million. The insured unemployment figure tracks the number of people receiving ongoing benefits after an initial claim.
US Continuing Jobless Claims Fall to 1.774 Million
AI take
The marginal decline in continuing claims suggests layoffs are not accelerating, but the move is small enough that it says little about rehiring. For risk assets, including crypto, the read-through is indirect: a labor market that isn't deteriorating sharply gives the Fed less urgency to ease, which keeps the macro backdrop for liquidity-sensitive trades in a holding pattern. Whether continuing claims keep drifting lower or stall is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
7m ago
Traders See Over 50% Odds of ECB Rate Hike in October
9m ago
German 2-Year Bond Yield Rises 8 Basis Points to 3.15%
21m ago
Gold Jumps $12.96 in Five Minutes as Poland’s Reserves Hit 648 Tonnes
27m ago
Night Session: Crude Oil Jumps Over 6%, Silver Falls 5%
31m ago
Lagarde: Most Core Inflation Measures Broadly Stable
35m ago
Lagarde: Eurozone Economy Resilient in Q2 Despite Energy Shock