BlockBeats news, August 28, analyst Giuseppe Dellamotta commented on the U.S. initial jobless claims data, pointing out that the data is strong, especially considering the downward revision of continuing claims. The jobless claims data continues to confirm the resilience of the labor market. The market's focus will now shift to the employment component in the ISM Purchasing Managers' Index, ADP private employment data, and the U.S. non-farm payroll report. (Jin Shi)
Analyst: Initial claims data is strong, highlighting the resilience of the U.S. labor market
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