On February 27th, Jinshi Data analyst Giuseppe Dellamotta said that the weekly initial jobless claims data in the United States will be released tonight. As a more timely indicator reflecting the labor market conditions, this data is still one of the most important data points each week. The number of initial jobless claims has remained within the range of 200,000 to 260,000 created since 2022, while the number of continued jobless claims, despite some recent relief, continues to hover near cycle highs. Considering the recent panic about the rise in the economy, if the data jumps above the upper limit of the range, the market is likely to once again fall into risk aversion sentiment.
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Analyst: If initial claims data unexpectedly rise to the upper end of the range, the market may fall into a risk-averse state.
On February 27th, Jinshi Data analyst Giuseppe Dellamotta said that the weekly initial jobless claims data in the United States will be released tonight. As a more timely indicator reflecting the labor market conditions, this data is still one of the most important data points each week. The number of initial jobless claims has remained within the range of 200,000 to 260,000 created since 2022, while the number of continued jobless claims, despite some recent relief, continues to hover near cycle highs. Considering the recent panic about the rise in the economy, if the data jumps above the upper limit of the range, the market is likely to once again fall into risk aversion sentiment.