Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

US Weekly Jobless Claims Rise to 207,000, Higher Than Anticipated

0
Detail closeup of current tax forms and pencil on money

The number of Americans filing for unemployment benefits increased last week and could grow further in the coming weeks amid disruptions from rising COVID-19 infections.

Source: US Department of Labor

DXY down -0.15%, EUR USD up +0.16%

Initial claims for state unemployment benefits increased by 7,000 to a seasonally adjusted 207,000 for the week ended Jan. 1. Claims plummeted to 200,000 in the prior week.

Applications usually increase during the holiday period, but a severe shortage of workers have distorted that seasonal pattern, leading to lower claims numbers in recent weeks. There were 10.6 million vacancies at the close of November.

Continuing claims, a figure that runs a week behind the headline number, also rising to 1.75 million, an increase of 36,000.

Weekly claims increased in New York (+8,922), Pennsylvania (+6,806), and Connecticut (+5,992).

fxcoach

Eurozone, EU Industrial Inflation Surge Over 20% in November

Previous article

US Trade Deficit Worsens to $80.2B in November

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News