The jobless claims data indicate a cooling labor market.
The number of initial and continuing jobless claims increased last week, according to data released on Thursday (11/16). In particular, the number of continuing jobless claims rose to 1.865 million, far exceeding the market expectation of 1.847 million and higher than the revised previous value of 1.833 million. This was the highest level in nearly two years, highlighting the increasing challenges faced by the unemployed in finding new jobs. The data indicated a cooling labor market and further confirmed the Fed’s expected end to the current rate hike cycle. The yields of various maturities of U.S. Treasuries fell by 7~8bps at the close, with the 10-year Treasury yield falling to a two-month low.
Economic data
· US Initial Jobless Claims for the last week: 231,000 (Expected: 220,000, Revised Previous: 218,000).
· US Continuing Jobless Claims for the last week: 1,865,000 (Expected: 1,847,000, Revised Previous: 1,833,000).
US Treasury market conditions
· The 2-year US Treasury yield decreased 7bps to around 4.84%.
· The 10-year US Treasury yield decreased 9bps to around 4.45%.
申請失業金數據顯示勞動市場降溫
週四（11/16）公布上週的初領與續領失業金人數攀升；其中，續領失業金人數上升至 186.5 萬人，遠超市場預期的 184.7 萬人，也高於修正後前值 183.3 萬人，創下近兩年來新高，凸顯失業者在尋找新工作面臨的挑戰越來越大，勞動市場降溫，再進一步確認聯準會可望結束目前的升息週期，各天期美債收益率收盤下跌 7~8bps 不等，10年期美債收益率回落至兩個月以來低點。
經濟數據
· 美國上周初領失業金人數為 23.1 萬人，預期 22 萬人，修正後前值 21.8 萬人
· 美國上周續領失業金人數為 186.5 萬人，預期 184.7 萬人，修正後前值 183.3 萬人
美債市場狀況
· 2年期美債利率較前日下跌約7bps至約4.84%
· 10年期美債利率較前日下跌約9bps至約4.45%
The jobless claims data indicate a cooling labor market 申請失業金數據顯示勞動市場降溫
