The number of initial unemployment claims in the United States dropped to 208,000, surpassing market expectations.

Zh tng cijng APP noted that the number of people applying for unemployment benefits in the United States last week has decreased, indicating that the labor market remains stable. Data released by the US Department of Labor on Thursday showed that for the week ending July 11th, the number of initial claims for unemployment benefits decreased by 8,000 people to 208,000 people. The median forecast from economists surveyed was 217,000 people.