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Powell may discuss the trend of unemployment claims, reflecting the dynamics of the labor market.
According to ChainCatcher's news, Jin10 reported that Nicholas Colas, co-founder of DataTrek Research, expects Powell to discuss the trend of initial jobless claims remaining low while continuing claims are on the rise. This pattern indicates that U.S. employers are in a "not firing old employees, not hiring new employees" state, reflecting a stable U.S. labor market, but also making the market susceptible to minor shocks, potentially increasing the risk of layoffs.