US initial jobs claims 267K versus 257K estimate

US initial jobless claims and continuing claims for the current week

• Prior week 269K revised to 271K (lowest level since March 14, 2020)
• Initial jobs claims 267K versus 257K estimate.
  
• 4-week moving average initial jobs claims 278K vs 285.25K. That is the lowest since March 14, 2020 when it was at 225.5K.
• Continuing claims 2160K an increase of 59K from last week.
  
• 4-week moving average continuing claims 2245K vs 2355.75K. The averages the lowest level since March 21, 2020 when it was at 2071.75K
• The largest increases in initial claims for the week ending October 30 were in Kentucky (+2,882), Louisiana (+907), Minnesota (+885), Tennessee (+798), and New Jersey (+768), 
• The largest decreases were in Missouri (-3,014), Florida (-2,286), Virginia (-1,482), Oklahoma (-1,324), and Pennsylvania (-1,026). 
  

The focus is on the much higher-than-expected CPI data.  US yields are higher with the tenure up at 1.488% +3.9 basis points. The stock futures have moved lower with the NASDAQ now down over 100 points. The Dow is down around 85 points.  The S&P index is down -17 points. The USD has spiked higher on the data too. 
Invest in yourself. See our forex education hub.


November 11, 2021 at 01:30AM

https://ift.tt/3F41Bg9