US: Unemployment claims data remain at a historically low level - Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura note that the US initial unemployment claims for the week ending 23 December were unchanged from the previous week at 245k and the four-week moving average inched up slightly to 238k from 236k.

Key Quotes

“Continuing claims for the week ending 16 December rose 7k to 1943k. Incoming claims data may show increased volatility during the holiday season due to difficulty with seasonal adjustment. Reading through the volatility, the unemployment claims data remain at a historically low level and continue to suggest a strong labor market. We expect this trend to continue as strong pace of job creation carries on next year.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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