{"id":44620,"date":"2025-06-18T15:52:32","date_gmt":"2025-06-18T12:52:32","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=44620"},"modified":"2025-06-18T15:52:32","modified_gmt":"2025-06-18T12:52:32","slug":"us-jobless-claims-announced","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/us-jobless-claims-announced\/","title":{"rendered":"US Jobless Claims Announced!"},"content":{"rendered":"<p data-start=\"34\" data-end=\"178\"><strong><a href=\"https:\/\/coinengineer.net\/blog\/when-will-the-fed-cut-interest-rates-pressure-on-powell-increases\/\">US<\/a> jobless claims<\/strong> were reported at 245,000. Market expectations were around 246,000, while claims in the previous week were recorded at 250,000.<\/p>\n<p data-start=\"180\" data-end=\"357\">The data came in slightly below expectations, indicating that the US labor market continues to show strength. This marks the second consecutive week of declining jobless claims.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/us-jobless-claims-announced\/#Why_Are_US_Jobless_Claims_Important\" title=\"Why Are US Jobless Claims Important?\">Why Are US Jobless Claims Important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/us-jobless-claims-announced\/#What_Do_the_Fed_and_Markets_Think\" title=\"What Do the Fed and Markets Think?\">What Do the Fed and Markets Think?<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"359\" data-end=\"399\"><span class=\"ez-toc-section\" id=\"Why_Are_US_Jobless_Claims_Important\"><\/span>Why Are US Jobless Claims Important?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"401\" data-end=\"668\">This weekly data, which shows the number of individuals applying for unemployment insurance for the first time, is considered an important indicator of the health of the labor market. A decrease in claims suggests fewer layoffs and a resilient employment environment.<\/p>\n<p data-start=\"670\" data-end=\"707\">With the release of this week\u2019s data:<\/p>\n<ul data-start=\"709\" data-end=\"784\">\n<li data-start=\"709\" data-end=\"735\">\n<p data-start=\"711\" data-end=\"735\"><strong data-start=\"711\" data-end=\"728\">Expectations:<\/strong> 246K<\/p>\n<\/li>\n<li data-start=\"736\" data-end=\"763\">\n<p data-start=\"738\" data-end=\"763\"><strong data-start=\"738\" data-end=\"756\">Previous Week:<\/strong> 250K<\/p>\n<\/li>\n<li data-start=\"764\" data-end=\"784\">\n<p data-start=\"766\" data-end=\"784\"><strong data-start=\"766\" data-end=\"777\">Actual:<\/strong> 245K<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"786\" data-end=\"824\"><span class=\"ez-toc-section\" id=\"What_Do_the_Fed_and_Markets_Think\"><\/span>What Do the Fed and Markets Think?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"826\" data-end=\"1260\"><strong>Inflation data<\/strong> released in May has shifted investors\u2019 focus back to the possibility of a rate cut expected in September. The <strong>Consumer Price Index (CPI)<\/strong> rose only 0.1% on a monthly basis, falling short of expectations, while annual inflation came in at 2.4%, also below economists&#8217; forecast of 2.5%. This soft inflation reading has strengthened expectations that the Fed may begin cutting interest rates in the second half of the year.<\/p>\n<p data-start=\"1262\" data-end=\"1351\">According to <strong>CME Group data<\/strong>, the probability of a rate cut in September has risen to 76%.<\/p>\n<hr \/>\n<p data-start=\"1353\" data-end=\"1851\">You May Be Interested: <a href=\"https:\/\/coinengineer.net\/blog\/when-will-the-fed-cut-interest-rates-pressure-on-powell-increases\/\"><strong>When Will the FED Cut Interest Rates? Pressure on Powell is Increasing!<\/strong><\/a><\/p>\n<hr \/>\n<p data-start=\"1353\" data-end=\"1851\">However, this process is not shaped solely by economic indicators. President Donald Trump has escalated his criticism of Fed Chair <strong>Jerome Powell<\/strong>. <strong>Trump<\/strong>, calling Powell a &#8220;numbskull,&#8221; argued that a 2-point rate cut would save the US economy $600 billion. He also hinted that he might intervene if necessary. Several members of his administration echoed these sentiments\u2014both the Secretary of Commerce and the Vice President voiced support for Trump\u2019s position, stating that \u201cthe Fed must cut rates.\u201d<\/p>\n<p data-start=\"1853\" data-end=\"2077\" data-is-last-node=\"\" data-is-only-node=\"\">So far, markets have remained calm in response to these statements. However, the growing political pressure is being closely watched in terms of the Fed\u2019s independence and the decisions Powell will make in the coming period.<\/p>\n<hr \/>\n<p data-start=\"1853\" data-end=\"2077\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US jobless claims were reported at 245,000. Market expectations were around 246,000, while claims in the previous week were recorded at 250,000. The data came in slightly below expectations, indicating that the US labor market continues to show strength. This marks the second consecutive week of declining jobless claims. Why Are US Jobless Claims Important?<\/p>\n","protected":false},"author":29,"featured_media":38303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,2],"tags":[18613,14816,13954,11982,18614,11984],"class_list":["post-44620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-news","category-news","tag-consumer-price-index-cpi","tag-u-s-inflation","tag-u-s-interest-rate","tag-u-s-jobless-claims","tag-u-s-jobless-claims-forecast","tag-u-s-jobless-claims-released"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Jobless Claims Announced! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/us-jobless-claims-announced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Jobless Claims Announced! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"US jobless claims were reported at 245,000. Market expectations were around 246,000, while claims in the previous week were recorded at 250,000. The data came in slightly below expectations, indicating that the US labor market continues to show strength. This marks the second consecutive week of declining jobless claims. 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