U.S. Unemployment Claims See Moderate Increase

According to Odaily, the number of initial unemployment claims in the United States saw a moderate rise last week, aligning with a gradual easing in the labor market. The U.S. Department of Labor reported on Thursday that for the week ending February 1, seasonally adjusted initial jobless claims increased by 11,000 to 219,000, slightly above the expected 213,000. The resilience of the labor market continues to drive economic expansion, providing the Federal Reserve with room to pause interest rate cuts. Meanwhile, policymakers are assessing the impact of U.S. President Donald Trump's fiscal, trade, and immigration policies, which economists believe could lead to inflation.