On June 18, 2025, the U.S. Initial Jobless Claims came in at 245,000, a decrease of 5,000 from the previous 250,000 and in line with forecasts around 246,000.
Interpretation of the Data:
Current Level:
Claims are stabilizing near the highest levels seen in the past eight months but remain historically low overall, indicating the labor market is slowing but still relatively resilient.
Labor Market Momentum:
The slight decline suggests a modest easing in layoffs but also reflects a gradual loss of labor market momentum, consistent with softer hiring trends seen in recent months.
Seasonal and Technical Factors:
Some elevation in claims is attributed to seasonal factors such as summer school breaks allowing non-teaching personnel to claim benefits, and technical adjustments.
Impact on Markets and Fed Policy:
The Fed views stable but slightly elevated claims as a sign that the labor market is cooling but not weakening sharply.
This supports the expectation that the Fed will hold interest rates steady at 4.25%–4.50% in the June 18TH meeting while monitoring future data for signs of further labor market weakening or inflation pressures.
The data reduces immediate pressure for aggressive rate cuts but keeps the door open for gradual easing later in the year if the labor market softens further.
#GOLD
Interpretation of the Data:
Current Level:
Claims are stabilizing near the highest levels seen in the past eight months but remain historically low overall, indicating the labor market is slowing but still relatively resilient.
Labor Market Momentum:
The slight decline suggests a modest easing in layoffs but also reflects a gradual loss of labor market momentum, consistent with softer hiring trends seen in recent months.
Seasonal and Technical Factors:
Some elevation in claims is attributed to seasonal factors such as summer school breaks allowing non-teaching personnel to claim benefits, and technical adjustments.
Impact on Markets and Fed Policy:
The Fed views stable but slightly elevated claims as a sign that the labor market is cooling but not weakening sharply.
This supports the expectation that the Fed will hold interest rates steady at 4.25%–4.50% in the June 18TH meeting while monitoring future data for signs of further labor market weakening or inflation pressures.
The data reduces immediate pressure for aggressive rate cuts but keeps the door open for gradual easing later in the year if the labor market softens further.
#GOLD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.