A slight uptick in unemployment claims prior to tomorrow’s jobs report
On Friday, the U.S. government will release its employment figures for May, which may influence future interest rate decisions.
In anticipation of this report, initial weekly jobless claims — announced just moments ago — unexpectedly increased to 225,000, compared to 212,000 from the previous week and 213,000 that was anticipated.
This marks the highest number of claims in three months, yet still falls within a range indicative of a robust job market.
For the forthcoming report, analysts predict that only 85,000 jobs were created in May, while the unemployment rate is expected to hold steady at 4.3%.
The yield on the 10-year Treasury bond has decreased by 4 basis points to 4.46% on Thursday.