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BREAKING: US Jobless Claims still strong!

1:32 PM 1 June 2023

US jobless claims came ## analysts's expectations. Jobless Claims:

  • Actual: 232K. Expected 235k. Previous 229k.

Data came slightly lower than expected at 232k which suggest that labor market is still strong.

 

 

The US500 jumped by almost 15 points after the publication, but the price is likely to come down afterward. The labor market remains strong, which increases investors' confidence in a soft landing. Inflation data has recently decreased, and investors perceived the comments from FED members yesterday as dovish.

US500 index, 5m timeframe, source: xStation 5

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