Unemployment Claims increased to 269,000
In the week ending November 28, the advance figure for seasonally adjusted initial claims was 269,000, an increase of 9,000 from the previous week's unrevised level of 260,000. This was in line with market expectations.The 4-week moving average was 269,250, a decrease of 1,750 from the previous week's unrevised average of 271,000.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending November 21, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 21 was 2,161,000, an increase of 6,000 from the previous week's revised level. The 4-week moving average was 2,166,500, a decrease of 2,250 from the previous week's revised average.
Euro is currently being traded few points above 1.08 level, Sterling is around 1.5030 handle, while Aussie is above 0.7320 area. Later today, Non-Manufacturing PMI figures are scheduled for a release.
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