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 ...

Group 1 - The Federal Reserve (Fed) successfully managed to achieve consensus on a rate cut, which is generally positive for bonds, stocks, and the economy [2][3] - There is uncertainty regarding future rate cuts, with some members of the Fed indicating no further cuts this year, which may create volatility in the markets [4][5] - The upcoming changes in the Fed's personnel and structure may complicate the outlook for monetary policy in the next year [5] Group 2 - The Bank of England's focus is shifting towards managing bond supply and inflation concerns, which are affecting long-term yields in global bond markets [7] - Jobless claims data has been unreliable, raising questions about the true state of the labor market and its implications for the Fed's decisions [9][10] - The market's attention may pivot back to inflation unless there are significantly negative job data, indicating a cautious approach to economic outlook [10]

Market Overview - Major U.S. index futures indicate a slightly lower open on Friday, with potential profit-taking following a strong rally that led to record closing highs [1][4] - The Dow surged 617.08 points (1.4%) to 46,108.00, S&P 500 jumped 55.43 points (0.9%) to 6,587.47, and Nasdaq advanced 157.01 points (0.7%) to 22,043.07 [5] Economic Indicators - Recent data shows U.S. consumer prices rose by 0.4% in August, slightly above expectations of 0.3%, with annual growth accelerating to 2.9% from 2.7% [6][9] - Core consumer prices, excluding food and energy, rose by 0.3% in August, maintaining an annual growth rate of 3.1% [7] - Initial jobless claims unexpectedly increased to 263,000, up 27,000 from the previous week, marking the highest level since October 2021 [8] Federal Reserve Expectations - The Federal Reserve is widely expected to lower interest rates by at least 25 basis points, with a 92.5% chance of this occurring according to CME Group's FedWatch Tool [2] - Traders are focused on the Fed's upcoming monetary policy announcement and comments from Fed Chair Jerome Powell for indications of future rate cuts [3] Sector Performance - Computer hardware stocks performed strongly, with the NYSE Arca Computer Hardware Index rising 2.7% to a record high [10] - Networking stocks also saw a 2.7% increase, reaching a new record closing high, while biotechnology stocks rose by 2.6% [10] - Housing, telecom, and airline stocks experienced considerable strength, contributing to the overall market gains [11] Commodity and Currency Markets - Crude oil futures surged by $1.41 to $63.78 per barrel, while gold futures increased by $5.30 to $3,678.90 per ounce [12] - The U.S. dollar traded at 147.96 yen, up from 147.21 yen, and valued at $1.1705 against the euro, compared to $1.1734 previously [12]