Initial jobless claims exceed forecasts, while private-sector job growth slows, hinting at potential economic slowdown.
U.S. initial jobless claims reached 231,000, surpassing the expected 212,000, signaling potential softening in the labor market. ADP reported private-sector employment growth of 22,000 in January, below expectations. Meanwhile, Polymarket raised March rate-cut odds to 16%, reflecting shifting market sentiment.