The number of initial jobless claims in the United States fell to 196000 last week, hitting a new low since July

The number of initial jobless claims in the United States fell to 196000 for the week ending September 12th, a decrease of 10000 from the previous week. The number of consecutive jobless claims during the same period dropped to 1.73 million, the lowest level since 2024. (Source: Bloomberg) AI interpretation: The labor market has shown strong resilience, and employment demand continues to remain strong. The significant decline in the number of unemployment claims has directly shattered market concerns about economic recession, proving that the current economic fundamentals remain stable. This tight employment environment provides solid support for the Federal Reserve to maintain its high interest rate policy, further compressing the space for short-term interest rate cuts. The market must reassess the duration of the high interest rate environment and remain highly vigilant about the risk of economic overheating.