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.

Joel Frank Independent Analyst

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.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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