U.S. Weekly Jobless Claims Data Anticipated Amid Economic Concerns

According to Odaily, analyst Giuseppe Dellamotta has highlighted the upcoming release of the U.S. weekly jobless claims data, scheduled for tonight. This data serves as a timely indicator of the labor market's condition and remains one of the most significant weekly economic reports. Initial jobless claims have been maintained within the range of 200,000 to 260,000 since 2022. Although there has been some recent easing in continuing claims, they continue to hover near cyclical highs. Given the recent concerns over economic growth, a surge in claims beyond the upper limit of this range could likely trigger a renewed risk-averse sentiment in the market.