Wall Street Live

Jobless Claims Edge Up, Market Awaits Bigger Shift

By Athena Xu

4/4, 08:42 EDT
  • US labor data, including slightly higher initial jobless claims at 221k and lower continuing claims at 1.791 million, is insufficient to significantly impact market sentiment. Challenger job cuts, remaining near post-Covid peaks at around 90k, suggest a less robust labor market compared to previous years.
  • Market pricing remains unchanged, awaiting more substantial evidence of labor market deterioration from key data points to prompt a shift in sentiment.