Saturday, May 31, 2025

Latest

US Jobless Claims Unexpectedly Fell Last Week: More Interest Rate Hikes To Come?

In further evidence that the US labour market remains resilient despite the Fed’s hawkish tightening cycle, latest data from the Department of Labour showed that the number of Americans filing for first-time unemployment benefits surprisingly fell 1,000 to a seasonally adjusted 194,000 claims for the week ending on February 11. Consensus forecasts amongst economists polled by Reuters were calling for 200,000 claims last week.

The increase means that the total number of Americans claiming unemployment benefits now sits at 1.696 million. The unexpectedly lower figure also comes against mass layoffs across the tech sector and other industries particularly sensitive to higher borrowing costs. Conversely, though, some firms are likely exercising cation when it comes to furloughing employees, after undergoing issues with recruiting new workers during the pandemic.

The labour market robustness will likely reinforce a continuation of the Fed’s rate hikes throughout the first half of the year.

Information for this briefing was found via the DOL. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Bank Of Canada Elects To Maintain Rates At 5.00% In December

The Bank of Canada in its policy rate announcement today elected to maintain interest rates...

Wednesday, December 6, 2023, 10:00:25 AM

Are Markets Predicting The Fed To Cut Interest Rates Every Month?

Financial markets are reportedly pricing in a scenario where the Federal Reserve might implement rate...

Thursday, January 11, 2024, 07:32:00 PM

Trump Tells Fed to Lower Rates ‘Immediately,’ Says He Knows ‘Better than They Do’

US President Donald Trump demanded that the Federal Reserve cut rates immediately on Thursday, citing...

Friday, January 24, 2025, 12:53:00 PM

Bill Ackman Doubles Down on Call for More Aggressive Interest Rate Hikes to Cool Inflation

Billionaire investor Bill Ackman is once again calling on the Federal Reserve to wake up...

Thursday, May 26, 2022, 12:33:00 PM

More Rate Hikes? Canada’s Unemployment Rate Remains Historically Low

Canada’s labour market remained resilient last month, blowing past economists’ expectations and cementing the case...

Sunday, January 8, 2023, 02:16:00 PM