According to Odaily Planet Daily, the latest employment data shows that the number of first-time unemployment benefit applications in the United States has fallen back to a range of nearly four years after a surge in the previous week. The decline in initial claims reflects a correction in Texas' previously "inexplicable surge" in claims data - a surge that was clearly related to changes in the hiring/firing of educators in the state. The number of continuing unemployment benefit claims (referring to the number of people who continue to receive benefits after the initial application) is also on a downward trend, but remains above the "Maginot Line" of 1.9 million (here referring to a critical threshold). Will this data trend prompt Powell and the Federal Reserve to reduce their "easing bias"? Perhaps the drama of "confusing the public" with (data) is about to be staged again. (Jinshi)
