PANews reported on September 11th that according to Jinshi, initial jobless claims in the United States rose sharply last week, consistent with a significant weakening of labor market conditions. The U.S. Bureau of Labor Statistics reported on Thursday that initial jobless claims rose by 27,000 to 263,000 in the week ending September 6th, exceeding the previous reading of 236,000 and the expected reading of 235,000. The U.S. government said this week that non-farm payrolls may have been overstated by 911,000 in the 12 months ending in March. Last week's non-farm payroll report showed that job growth almost stagnated in August, with a decrease in June, the first such decline in four and a half years. A New York Federal Reserve survey also showed that consumer confidence in finding a job in August fell to its lowest level since June 2013. The Federal Reserve is expected to cut interest rates next week, and the market has fully priced in a 25 basis point cut.PANews reported on September 11th that according to Jinshi, initial jobless claims in the United States rose sharply last week, consistent with a significant weakening of labor market conditions. The U.S. Bureau of Labor Statistics reported on Thursday that initial jobless claims rose by 27,000 to 263,000 in the week ending September 6th, exceeding the previous reading of 236,000 and the expected reading of 235,000. The U.S. government said this week that non-farm payrolls may have been overstated by 911,000 in the 12 months ending in March. Last week's non-farm payroll report showed that job growth almost stagnated in August, with a decrease in June, the first such decline in four and a half years. A New York Federal Reserve survey also showed that consumer confidence in finding a job in August fell to its lowest level since June 2013. The Federal Reserve is expected to cut interest rates next week, and the market has fully priced in a 25 basis point cut.
The number of initial jobless claims in the United States has surged, and the Fed has fully priced in a rate cut next week.
PANews reported on September 11th that according to Jinshi, initial jobless claims in the United States rose sharply last week, consistent with a significant weakening of labor market conditions. The U.S. Bureau of Labor Statistics reported on Thursday that initial jobless claims rose by 27,000 to 263,000 in the week ending September 6th, exceeding the previous reading of 236,000 and the expected reading of 235,000. The U.S. government said this week that non-farm payrolls may have been overstated by 911,000 in the 12 months ending in March. Last week's non-farm payroll report showed that job growth almost stagnated in August, with a decrease in June, the first such decline in four and a half years. A New York Federal Reserve survey also showed that consumer confidence in finding a job in August fell to its lowest level since June 2013. The Federal Reserve is expected to cut interest rates next week, and the market has fully priced in a 25 basis point cut.
Market Opportunity
Harvest Finance Price(FARM)
$18.65
$18.65$18.65
USD
Harvest Finance (FARM) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Uganda Opposition Pushes Decentralized Messaging as Election Nears
The post Uganda Opposition Pushes Decentralized Messaging as Election Nears appeared on BitcoinEthereumNews.com. Uganda’s leading opposition figure Bobi Wine has
Share
BitcoinEthereumNews2026/01/01 08:47
Gold continues to hit new highs. How to invest in gold in the crypto market?
As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.
Share
PANews2025/04/14 17:12
New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together
The post New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together appeared on BitcoinEthereumNews.com. Stephen Miran, chairman of the Council of Economic Advisers and US Federal Reserve governor nominee for US President Donald Trump, arrives for a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, Sept. 4, 2025. The Senate Banking Committee’s examination of Stephen Miran’s appointment will provide the first extended look at how prominent Republican senators balance their long-standing support of an independent central bank against loyalty to their party leader. Photographer: Daniel Heuer/Bloomberg via Getty Images Daniel Heuer | Bloomberg | Getty Images Newly-confirmed Federal Reserve Governor Stephen Miran dissented from the central bank’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, choosing instead to call for a half-point cut. Miran, who was confirmed by the Senate to the Fed Board of Governors on Monday, was the sole dissenter in the Federal Open Market Committee’s statement. Governors Michelle Bowman and Christopher Waller, who had dissented at the Fed’s prior meeting in favor of a quarter-point move, were aligned with Fed Chair Jerome Powell and the others besides Miran this time. Miran was selected by Trump back in August to fill the seat that was vacated by former Governor Adriana Kugler after she suddenly announced her resignation without stating a reason for doing so. He has said that he will take an unpaid leave of absence as chair of the White House’s Council of Economic Advisors rather than fully resign from the position. Miran’s place on the board, which will last until Jan. 31, 2026 when Kugler’s term was due to end, has been viewed by critics as a threat from Trump to the Fed’s independence, as the president has nominated three of the seven members. Trump also said in August that he had fired Federal Reserve Board Governor…
Share
BitcoinEthereumNews2025/09/18 02:26