According to BlockBeats, on September 19, after the release of US economic data, US short-term interest rate futures fell, and traders bet that the Federal Reserve would cut interest rates by 25 basis points in the next step.
The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that job growth accelerated in September. Earlier data showed that the U.S. labor market has cooled sharply, with a sharp drop in hiring and fewer job openings, which raised concerns about a deteriorating environment that could undermine the economic expansion. However, today’s data showed that layoffs remain low. The number of claims showed that the number of unemployed people fell by 14,000 to 1.829 million in the week ending September 7, seasonally adjusted, and has fallen from a high of more than two and a half years hit in July. This is mainly attributed to a policy change in Minnesota, which allows non-teaching staff in the state to apply for unemployment benefits during the summer vacation. The number of initial unemployment claims released next week may provide more clues to the health of the job market in September. The number of initial claims remains low and the U.S. job market remains healthy. (Jinshi)
