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Unemployment Claims up to 298,000

Wednesday, Dec 31 2014

In the week ending December 27, the advance figure for seasonally adjusted initial claims was 298,000, an increase of 17,000 from the previous week's revised level. Analysts were anticipating a smaller increase to 287,000. The previous week's level was revised up by 1,000 from 280,000 to 281,000.

The 4 - week moving average was 290,750, an increase of 250 from the previous week's revised average. The previous week's average was revised up by 250 from 290,250 to 290,500. The advance seasonally adjusted insured unemployment rate was 1.8% for the week ending December 20, unchanged from the previous week's unrevised rate.

 

Data had no major impact on the markets. Euro is currently being traded few points above 1.2130 level, Sterling is around 1.5580 area, while Aussie is slightly below 0.8190 level. Later today, Chicago PMI and Pending Home Sales data will be released.

More in this category: « China's Manufacturing PMI down to 49.6 in December Chicago Manufacturing PMI at a five-month low »

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