Economic Data Overview - Recent economic data has shown favorable trends, with GDP revised to 3.8% for the second quarter and personal consumption expenditures increasing from 1.6% to 2.5% [2] - Durable goods orders exceeded expectations, rising by 2.9% instead of the anticipated decline of 0.5%, while core capital goods also increased by 6% [2] Job Market Insights - Jobless claims have improved, dropping to 218,000, which is a positive trend compared to previous weeks where claims were above 260,000 [3] Government Spending and Economic Growth - Despite a decrease in government spending, real final sales to private domestic purchasers increased by 3.2%, and real gross output rose by 1.2% [4] - The economy is showing resilience and growth even as government involvement diminishes [4] Federal Reserve Commentary - There is a wide range of opinions among Federal Reserve speakers regarding the economy and interest rates, with some advocating for lower Fed funds rates [7][8] - Recent comments from Fed Chair Jerome Powell have contributed to market volatility, suggesting that the market may be reacting to perceived high valuations [9] Market Reactions - The market's decline, despite strong economic data, may be attributed to profit-taking and reactions to Fed comments [9]

Labor Market Overview - Initial jobless claims show a significant decrease to 218,000, a drop from a revised 232,000 last month, indicating no immediate firing concerns [1] - Continuing claims are slightly down to 1,926,000 from a revised 1,928,000, suggesting companies are holding steady [1] - The labor market is characterized by low hiring and low firing rates, maintaining a state of equilibrium [3] Wage and Inflation Dynamics - Wage disparities are emerging, with low-wage earners losing ground to high-income workers [5] - Low-income earners, who are most vulnerable to inflation, are experiencing wage stagnation [5] - Wage trends are crucial as they serve as a link between the job market and inflation [4] - Current Fed projections indicate inflation will remain above target for four years and take two years to reach the target [4]

Labor Market Overview - Jobless claims have decreased to 218,000, down from a revised 232,000, indicating no significant firing issues in the labor market [1] - Continuing claims are slightly down to 1,926,000 from a revised 1,928,000, suggesting companies are hesitant to make employment decisions [1] Economic Perception - The current jobless claims data might suggest a strong economy, with a 5% impression of stability, but there are underlying issues that need to be addressed [2] - The labor market is characterized by low hiring and low firing rates, which has been a consistent trend throughout the year [3] Wage Dynamics - Wage growth is uneven across the labor market, particularly affecting low-income earners who are losing ground to higher-income workers [4][5] - Wages are critical in linking the job market to inflation, with projections indicating that inflation will remain above target for the next two years [4]

U.S. initial jobless claims for the week ending September 20 were 218,000, below the expected 235,000, with the prior week's figure revised from 231,000 to 232,000. U.S. Q2 real GDP annualized growth rate (final) was 3.8%, above the expected and previous 3.3%. U.S. Q2 core PCE price index annualized rate (final) was 2.6%, slightly above the expected and previous 2.5%. ...

North Carolina jobless claims data were mistakenly understated in a weekly US Labor Department report on Thursday, as a technical error slashed the state’s tally by more than 19,000 https://t.co/gK2pduDqm0 ...

Labor Market - Initial jobless claims fell to 231,000, below estimates [1] - The previous week's jobless claims were revised up by 1,000 to 264,000 [1] - Continuing jobless claims decreased to 1.92 million from 1.927 million [2] - Texas experienced fraud in jobless claims filings the week prior [1] Economic Indicators - Philadelphia Fed Manufacturing Index jumped to 2320% from 030% [2] - Philadelphia Fed Prices Paid Index dropped to 4680% versus 6680%, indicating inflation improvement [2]

You do get a snap back in jobless claims after the big rise last week, we fall back to 231,000. That's below the estimate. Last week was revised up by a thousand, so it was to 64.But remember, this was all in theory because of fraud in Texas. Texas officials say there were a whole lot of illegal filings the week before, and that looks like it is the case. The ongoing claims number is 1,920,000.That falls from 1,000,009 27. So the jobless claims numbers improved. Take a little bit of that edge off in terms o ...

Labor Market Indicators - Initial jobless claims decreased to 231,000, the lowest since the third week of August [1] - Previous week's initial jobless claims were revised upwards to 264,000, a 37,000 increase, contrary to initial reports of a Texas-related error [2] - Continuing claims saw a decent drop but remained above 19 million, specifically at 192 million [3] - The last time continuing claims were this low was in May of this year [3] Philadelphia Fed Business Outlook - The Philadelphia Fed business outlook for September is strong, with a reading of 232%, the best level since January and the second-best of the year [4] Market Reaction - Rates are moving higher, influenced by the initial jobless claims backing up to 231,000 [4] - The 10-year Treasury yield jumped to near 408%, basically unchanged from yesterday [4]

Core Points - The article discusses the current state of jobless claims in the U.S., indicating a trend in unemployment rates and its implications for the economy [1][2]. Group 1: Jobless Claims - Jobless claims in the U.S. have shown a significant trend, reflecting the overall health of the labor market [1][2]. - The latest data indicates fluctuations in jobless claims, which can impact economic forecasts and monetary policy decisions [1][2]. Group 2: Economic Implications - Changes in jobless claims are closely monitored as they can influence investor sentiment and market stability [1][2]. - The article suggests that persistent high jobless claims may lead to concerns regarding economic recovery and growth prospects [1][2].

💥BREAKING:🇺🇸 United States Initial Jobless Claims $USD:- Actual: 231K- Expected: 241K- Previous: 264KBEARISH FOR CRYPTO. https://t.co/WEBGttmz6G ...