US jobless claims drop to 198K, beating 215K forecast as labor market holds steady
Crypto Briefing
US initial jobless claims fell to 198K, lower than the 215K forecast, indicating a steady labor market.Summary
US initial jobless claims for the week dropped to 198,000, significantly beating the consensus forecast of 215,000 and marking a decrease from the prior week's revised 207,000. This sustained low level of filings suggests that layoffs remain muted, even as hiring has slowed due to factors like trade policies and AI investment creating staffing uncertainty. Markets reacted positively to the report, with the S&P 500 rising 0.5% and the Nasdaq gaining over 1%, reinforcing expectations that the Federal Reserve will likely keep its benchmark rate unchanged at its upcoming late January meeting.
(Source：Crypto Briefing)