New low in initial jobless claims in the United States last week since May, job market remains stable.

The number of initial jobless claims in the United States dropped to the lowest level since May last week, indicating that despite a slowdown in business hiring, the job market remains healthy. Data released by the US Department of Labor on Thursday showed that the number of initial jobless claims for the week ending September 14 was 219,000, lower than the previous week's 230,000 and the market's expectation of 230,000; the number of continuing jobless claims for the week ending September 7 dropped to 1.829 million, the lowest level in three months. In addition, the four-week moving average of initial jobless claims for the week ending September 14 dropped to 227,500, the lowest level since June. Despite signs of a slowdown in the job market, the number of initial jobless claims in the United States has remained at a relatively low level in recent months. The Federal Reserve's decision to cut interest rates by 50 basis points on Wednesday reflects policymakers' intention to maintain the "still strong" labor market as described by Fed Chairman Powell. Powell stated in a press conference after announcing the rate decision on Wednesday that policymakers are fully focused on the dual objectives of inflation and employment, and the Fed is increasingly confident that the strong momentum in the job market can be sustained while adjusting policy rates. Powell noted that economic activity continues to expand at a "moderate pace" and expects growth in the second half of the year to be similar to the first half. He said, "The US economy is in a good place, and our decision today is aimed at keeping it that way." He also stated that there are no signs of a recession in the US economy at present and does not believe a recession is imminent.