US Jobless Claims Remain Stable at 220,000, Indicating Low Layoffs
TL;DR Summary
US initial jobless claims for the current week came in at 220K, slightly below the estimated 222K. The 4-week moving average remained relatively stable. Continuing claims also decreased to 1.861M, below the estimated 1.910M. The figures suggest a positive trend in the labor market, with the possibility of strike workers returning to work contributing to the decline in continuing claims. The US jobs report is expected to be released tomorrow, with predictions of around 190K new jobs added.
- US initial jobless claims 220K versus 222K estimate in the current week ForexLive
- US labor market steadily slowing; wholesale inventories revised down Yahoo Finance
- US Jobless Claims: Continuing Claims Fall by Most Since July Bloomberg
- Gold prices trading near session highs as weekly jobless claims rise by 220k, in line with expectations Kitco NEWS
- Jobless claims inch up to 220,000, layoffs still low MarketWatch
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
0 min
vs 1 min read
Condensed
37%
123 → 78 words
Want the full story? Read the original article
Read on ForexLive