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.

Comments are closed.

 

Get Adobe Flash player