The decline may affect the Federal Reserve's decisions regarding interest rates.

Initial unemployment claims rose by 4,000 to 223,000 for the week ending April 5, in line with economists' expectations. Nevertheless, the numbers remain historically low, indicating the strength of the labor market.

Continuing claims fell by 43,000 to 1.85 million, which may indicate an improvement in job opportunities.

📉 In the markets, S&P 500 futures fell by 1.8% ahead of the data release, while the U.S. dollar index faces pressure near the 103.50 level following weak CPI data.

Stay tuned for more updates on the impact of this data on markets and economic policies.