The number of initial jobless claims in the United States for the week ending September 19th was 197000
The number of initial jobless claims in the United States for the week ending September 19th was 197000, with an expected 201000, and the previous value was revised from 196000 to 198000. AI interpretation: The lower than expected and historically low number of initial jobless claims directly proves the extremely strong demand in the US labor market. This tight employment environment provides support for wage growth, thereby exacerbating the stickiness of core inflation. The Federal Reserve must maintain high interest rates to prevent the economy from overheating in the face of such robust employment data. The market's illusion of short-term interest rate cuts has been completely shattered, and the high interest rate environment will continue for a longer period of time.