First increase in three weeks! The number of initial jobless claims in the United States last week slightly exceeded expectations, rising to 230,000

The number of initial jobless claims in the United States rose for the first time in three weeks last week, reaching 230,000, slightly exceeding economists' expectations of 226,000. The number of continuing jobless claims also rose to 1.85 million. Despite the increase in data, the initial jobless claims remain at a relatively low level. Federal Reserve officials have indicated that the deterioration in the labor market will impact interest rate decisions. The market expects the Fed to make a slight 25 basis point rate cut at the meeting next week