BlockBeats News, on July 31, the U.S. Department of Labor announced on Thursday that initial jobless claims in the U.S. remained stable last week, which is reassuring. For the week ending July 26, the number of initial jobless claims was 218,000, compared to 217,000 the previous week. The number of continuing jobless claims was 1.95 million, unchanged from the previous week. Last night, the Federal Reserve kept interest rates unchanged for the fifth consecutive meeting. Fed Chair Powell stated at a press conference that the job market is stable, indicating no rush to shift to a more accommodative monetary policy stance through rate cuts. However, some economists are concerned that weakness in the job market is hidden beneath a strong facade. Although the unemployment rate remains low, many workers report long job search times and difficulty finding opportunities. (Jin Shi)