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U.S. unemployment data releases positive signals: labor market layoffs ease
【ChainNews】The latest data on the US labor market is here. As of the week ending January 17, initial unemployment claims increased by only 1,000, currently remaining at a level of 200,000. Compared to the fluctuations during the holiday season at the end of last year, it is now much more stable.
What is more noteworthy is the number of people continuing to claim unemployment benefits. Last week, this number dropped to 1.85 million, the lowest level since November. It is important to note that in the last few weeks of the year, initial unemployment claims often fluctuate—this is a seasonal characteristic and is normal. But the current situation is different; the real signal behind this data is that the scale of layoffs remains limited.
For investors, this means that the resilience of the US labor market is still intact. The pressure of unemployment has not significantly increased, and the cooling of the job market is much milder than expected. This provides a certain stabilizing effect on macroeconomic expectations.