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Unemployment Claim fell to 258,000

Thursday, Dec 08 2016
Unemployment Claim fell to 258,000

In the week ending December 3, the advance figure for seasonally adjusted initial claims was 258,000, a decrease of 10,000 from the previous week's unrevised level of 268,000. The 4-week moving average was 252,500, an increase of 1,000 from the previous week's unrevised average of 251,500. There were no special factors impacting this week's initial claims. This marks 92 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending November 26, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 26 was 2,005,000, a decrease of 79,000 from the previous week's revised level. The 4-week moving average was 2,028,750, a decrease of 9,500 from the previous week's revised average.

 

Euro is currently being traded around 1.0650 area, Sterling is at 1.26 handle, while Aussie is 0.7460 area.

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