The number of initial jobless claims in the United States for the week ending October 10th was 199000, lower than expected

The number of initial jobless claims in the United States for the week ending October 10th was 199000, with an expected 200000. The previous value has been revised from 197000 to 198000. AI interpretation: The job market has shown strong resilience, with the number of people applying for unemployment benefits remaining at historically low levels. The shortage of labor supply directly supports the resilience of wage growth, providing a solid economic foundation for the Federal Reserve to maintain high interest rate policies. The market's expectation of a short-term cooling of the labor market has been completely shattered, and the high interest rate environment will suppress the risk of inflation rebound for a longer period of time.