For the week ending October 26, seasonally adjusted initial jobless claims in the U.S. decreased to 216,000, marking a decline of 12,000 from the previous week’s revised level, which was adjusted up by 1,000 from 227,000 to 228,000.
For the week ending October 26, seasonally adjusted initial jobless claims in the U.S. decreased to 216,000, marking a decline of 12,000 from the previous week’s revised level, which was adjusted up by 1,000 from 227,000 to 228,000. This reduction reflects improving short-term labor market stability.
The 4-week moving average of jobless claims also saw a decrease, falling to 236,500—down by 2,250 from the prior week’s revised average. The previous week’s average was adjusted upward by 250, from 238,500 to 238,750. These figures suggest a moderate easing in unemployment claims as the U.S. labor market stabilizes.
Source: U.S. Department of Labor
Global markets remained cautious as investors weighed the economic impact of the ongoing Middle East conflict and volatile energy prices.
Currency markets remained volatile as ongoing Middle East tensions continued to shape global sentiment.
Hormuz Blockade Rattles Markets (09 - 13 March)Global sentiment was dominated this week by the second week of the war with Iran and the effective blockade of the Strait of Hormuz, driving Brent crude prices above $100/barrel. Despite a catastrophic US labor report showing a loss of 92,000 jobs in February, safe-haven demand pushed the US Dollar Index to 99.1. The energy shock has ignited fears of "stagflation," particularly in Europe and Japan, as soaring fuel costs threaten to reverse recent disinflationary trends.
DetailThen Join Our Telegram Channel and Subscribe Our Trading Signals Newsletter for Free!
Join Us On Telegram!
