📊 The US labor market is again stronger than expected
New data from the US showed:
🔹 214K initial claims for unemployment benefits
— less than the market expected
— and less than the week before
📌 What does this mean in simple terms?
The labor market remains resilient.
There are no mass layoffs.
The economy does not look "broken".
🔹 Why is this important:
• strong labor market → consumption holds
• consumption → inflationary pressure
• inflation → caution from the regulator regarding interest rate cuts
📉 So such data does not signal a crisis,
but it also does not provide grounds for a rapid easing of policy.
👉 This is exactly the type of macro data that:
• does not scream headlines;
• but sets the backdrop for market decisions.
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