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The number of Americans filing initial jobless claims for the week ending October 31 was 189,000.

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The number of Americans filing for initial jobless claims for the week ending October 31 was 189,000, compared to an expected 196,000. The previous figure was revised from 194,000 to 195,000. (Source: Jinshi) AI Interpretation: Initial jobless claims were significantly lower than expected and at a historically low level, directly demonstrating extremely strong demand in the US labor market. This tight employment environment supports wage growth, thereby exacerbating the stickiness of core inflation. Faced with such robust employment data, the Federal Reserve must maintain high interest rates to prevent the economy from overheating. Market illusions about a rate cut in the short term have been completely shattered, and the high-interest-rate environment will continue for a longer period.

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