Initial jobless claims in the US increased to 219,000 for the week ending September 14, lower than the market expectation of 230,000. This marks a slight decrease from the previous week’s revised figure of 231,000, indicating the labor market remains relatively stable despite recent Federal Reserve rate cuts.
Continuing claims, which represent the number of people receiving benefits after an initial week of aid, fell by 14,000 to 1.829 million, showing a slight improvement in ongoing unemployment levels.
Market reaction has been muted, with analysts noting that the data supports the Fed's recent decision to cut interest rates, while traders anticipate the possibility of another rate cut in November.
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