The # of people claiming unemployment benefits in the US just jumped by 8k to 229k. Well above expectations of 220k, to record the highest reading since the 8 mth high of 232k from May. 

The results show a softening US labor market & are 🐂 for rate cuts.

The # of people claiming unemployment benefits in the US just jumped by 8k to 229k. Well above expectations of 220k, to record the highest reading since the 8 mth high of 232k from May. 

The results show a softening US labor market & are 🐂 for rate cuts.


https://tradingeconomics.com/united-states/jobless-claims

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🚀 assets go up, but inflation too I guess 😅