How long can the hot employment continue under the 9-month new low and high interest rates after the US initial application data refresh?
胡胡胡美丽_ss
发表于 2023-10-20 08:29:58
288
0
0
Last week, the initial demand in the United States unexpectedly dropped to its lowest level since January, indicating that even under the pressure of the Federal Reserve's repeated interest rate hikes, the labor market remains exceptionally hot.
Prior to the US stock market on Thursday (October 19th), data released by the US Department of Labor showed that in the week ending October 14th, the number of first-time applicants for unemployment benefits was 198000, a decrease of 13000 from the adjusted 211000 in the previous week. The market had originally expected it to rise to 212000.
The 198000 population is the lowest level since January 21st, and it is also the first time since January 28th that it has returned below the 200000 population level. This resulted in a four week average of 2057500 new applicants last week, and the previous week's four week average increased from 2062500 to 20675.
Since the summer of this year, the overall initial demand has been in a downward trend, but some economists are concerned that this situation will change sooner or later. The increasing number of layoffs announced by US companies in recent weeks may indicate that this downward trend will soon be reversed.
The report also shows that in the week ending October 7th, the number of consecutive applicants for unemployment benefits recorded 1.734 million, higher than the market expectation of 1.71 million and the previous week's 1.705 million.
Since March last year, in order to cool demand and curb inflation, the Federal Reserve has implemented 11 rate hikes, totaling 525 basis points. The target range of the federal funds rate has risen to 5.25% -5.5%, the highest level since 2001.
But even with such high borrowing costs, consumer spending and the labor market in the United States remain resilient. The market is anxiously waiting for Federal Reserve Chairman Powell's speech scheduled for later in the day, who may provide some guidance on the interest rate path.
Stephen Stanley, Chief Economist of Santander Capital Markets USA, wrote in a report, "Demand is slowing down, but it remains near historically strong levels, layoffs are far below normal, and the labor market is still hot
Some analysts believe that the United Auto Workers' (UAW) strike against Detroit's three major automakers may lead to an increase in initial application data released next week, as the three automakers have varying degrees of layoffs due to the impact of the one-month strike.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- The three-year inflation expectation in the United States has fallen to a historic low, and the Federal Reserve's September interest rate cut is imminent
- JD.com significantly increases campus recruitment salaries! There is a position with an annual salary of 20 months and an annual bonus of 8 times the monthly salary
- Oil prices hit a 15 month low? Oil trading giants and Morgan Stanley warn of worrying demand outlook
- Microsoft CTO Suggests' Important AI New Product 'Will Appear This Year, Oil Prices Drop to Nearly Three Year Low | Global Market
- Maserati China has undergone a leadership change, resulting in a year-on-year decline of over 80% in sales in the first eight months of this year
- New car making force 'Golden Nine' in good condition: 'Li Zero Xiao' sets new delivery record, NIO delivers over 20000 for 5 consecutive months
- Honda China's terminal car sales in the first 9 months decreased by 29.3% year-on-year
- Before the US stock market opened, the three major futures indexes rose, and most popular Chinese concept stocks rose; Citigroup: Lowering Brent oil price forecast for the next 12 months to $60 per barrel; Apple Intelligence is about to be released,
- Delivery of Nvidia's new generation Blackwell GPU may be delayed by 3 months due to overheating issues
- Blackstone Group President: reigniting passion for real estate, investing $30 billion in the field over the past 12 months
-
知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
- caffycat
- 昨天 11:18
- 支持
- 反对
- 回复
- 收藏
-
每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
- star8699
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
- goodfriendboy
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
- 3233340
- 昨天 17:06
- 支持
- 反对
- 回复
- 收藏