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2025-11-07 09:28:39
[US Initial Jobless Claims Rise Slightly, Labor Market Shows Resilience] 1. Despite several companies announcing large-scale layoffs, the US labor market continues to show signs of stability. Data analytics firm Haver Analytics reported on Thursday that seasonally adjusted initial jobless claims rose to 229,140 in the week ending November 1, a slight increase of 9,620 from the previous week. 2. This data is largely in line with forecasts from institutions such as Citigroup, JPMorgan Chase, and Nationwide, alleviating some market concerns about a deteriorating employment situation. Previously, a Challenger report showed a surge in layoffs in October, but the initial claims data indicates that the labor market has not experienced a precipitous decline. 3. Nationwide financial markets economist Oren Krachkin noted, "The claims data contrasts sharply with the negative layoff reports, showing that the job market, while weak, remains stable." A concurrent analysis by Bank of America Research also indicates that job growth since the summer has not yet shown a further slowdown. 4. Due to the ongoing federal government shutdown, official employment statistics have been interrupted, and the market is increasingly relying on private data to assess the economic situation. Economists caution that limited private surveys should be viewed with caution, but current data cross-validation still paints a resilient employment picture.
