Here's your summary from US Continuing Jobless Claims Rise for a Ninth Straight Week (https://www.youtube.com/watch?v=UyBSD3tGrns) on the Bloomberg Television channel:
### TLDR:
Continuing jobless claims in the US have risen for a ninth straight week, showing a slight deterioration in the labor market.
### Key Points:
1. Last week, jobless claims were at 238,000 with continuing claims at 1,858,000, slightly higher than before.
2. There has been a market increase in continuing claims over the past four weeks, indicating a possible inflection point in the labor market.
3. The Fed is more interested in unemployment numbers rather than claims numbers to determine the overall status of the labor market.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro