Analyst: Initial jobless claims data help ease recession concerns

ChainCatcher message, Great Hill Capital Llc analyst Thomas Hayes stated: "Since the release of the U.S. non-farm payroll report last Friday, everyone has been anxious about the recession triggered by the Sam rule. The number of initial jobless claims was lower than expected, alleviating concerns about a complete collapse of the labor market. Our economy is quite strong, and there is no imminent recession, so we can wait a few more weeks for the Federal Reserve's first rate cut."