On August 28, analyst Giuseppe Dellamotta commented on the U.S. initial claims data, stating that the data performed strongly, especially considering the downward revision of continuing claims for unemployment benefits. The unemployment claims data continues to affirm the resilience of the labor market. The market's focus will now shift to the employment component of the ISM Purchasing Managers' Index, ADP private employment data, and the U.S. non-farm payroll report. ( Jin10 )
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Analyst: Initial jobless claims data is strong, highlighting the resilience of the U.S. labor market.
On August 28, analyst Giuseppe Dellamotta commented on the U.S. initial claims data, stating that the data performed strongly, especially considering the downward revision of continuing claims for unemployment benefits. The unemployment claims data continues to affirm the resilience of the labor market. The market's focus will now shift to the employment component of the ISM Purchasing Managers' Index, ADP private employment data, and the U.S. non-farm payroll report. ( Jin10 )