US weekly initial jobless claims 787K vs 835K expected

News

Weekly US initial jobless claims data

  • Prior was 803K (revised to 806K)
  • Continuing claims 5219K vs 5390K expected
  • Prior continuing claims 5337K
  • PUA claims 308K vs 397K prior
  • Total claims 19.564K vs 20.368K prior
  • Full report

This is for the week ending December 26, which is obviously impacted by holidays and very tough to forecast because of that. I wouldn’t take a signal from the data until January, when the work week gets back to normal.

Markets were little changed on this data point, which is the last US number of 2020.

For bank trade ideas, check out eFX Plus

Articles You May Like

Breakout Stocks: How to trade HDFC Bank, Praj Industries & Kaynes Technology on Wednesday?
US Dollar flat ahead of weekend full of uncertainties over France’s budget
Pound Sterling Price News and Forecast: GBP/USD consolidates near weekly highs on Thanksgiving
Not to jinx it, but Russell 2000 on pace for a record close today
What is driving the FX markets technically. A look at the major currency pairs today

Leave a Reply

Your email address will not be published. Required fields are marked *