US: Weekly Initial Jobless Claims rise to 206K vs. 200K expected
|- Initial Jobless Claims rose to 206K in the week ending 11 December, a little above expected.
- Continued jobless claims saw a larger than expected drop.
There were 206,000 initial claims for unemployment benefits in the US during the week ending December 11, data published by the US Department of Labor (DoL) revealed on Thursday. This reading followed last week's print of 188K (revised up from 184K), which was the lowest reading since 1969, and came in a tad above market expectations for 200K.
Continued jobless claims fell to 1.845M in the week ending December 4, the data showed, below expectations for a drop to 1.936M from 1.999M the week prior. The insured unemployment rate fell to 1.4% from 1.5% in the prior week.
Market Reaction
US data went under the radar on Thursday with central banks stealing the limelight.
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