U.S. Initial Jobless Claims At 388.000; Down 33.000

(For The Week Ending December 24, 2010)

Initial jobless claims in the U.S. were reported right at 388.000 vs. 415.000 consensus; last week revised (up 2.000) reading was at 422.000.

First reading bellow 400.000 since July 2008; The part of the reduction probably comes from seasonal effects (it is hard to seasonally adjust the data accurately on holiday weeks), so we have to wait for a confirmation of a positive trend after holidays pass.

Chart 1. U.S. Initial Jobless Claims

This entry was posted on Thursday, December 30th, 2010 at 7:51 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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