The number of initial jobless claims in the United States slightly decreased to 224,000, while the number of continuing claims remains high at 1.95 million, revealing hidden concerns about employment

The unemployment claims data in the United States last week presented a complex signal, with the number of initial jobless claims decreasing by 3,000 to 224,000, lower than market expectations. Although the number of continuing claims fell to 1.95 million, it remains at a high level, suggesting that some unemployed individuals are facing a longer job search period. Economists predict that the unemployment rate may rise to 4.3% in August. Recent data has triggered policy changes, with the Trump administration firing the director of the Bureau of Labor Statistics, and investors expect the Federal Reserve to initiate a rate cut cycle at the September meeting