Analyst: Initial Jobless Claims Data Strong, Highlighting Resilience of the US Labor Market

BlockBeats News, August 28th, Analyst Giuseppe Dellamotta's analysis of US initial claims data indicated that the data showed strength, especially considering the downward revision of continuing claims. Unemployment claims data continues to confirm the resilience of the labor market. The market focus will now shift to the employment sub-index of the ISM Purchasing Managers' Index, ADP private employment data, and the US non-farm payroll report. (FXStreet)