Data released on Thursday showed that initial jobless claims jumped to the highest level since September in the week ended December 12. An unexpected rise in initial jobless claims is another sign that the labour market’s recovery is backsliding, explained analysts at Wells Fargo. Key Quotes: “Renewed restrictions and individual efforts to stem the spread of COVID are bearing down on the labor market. Initial jobless claims rose to 885K the week ending December 12, the second consecutive increase and highest reading since early September.” “The rise comes during the payroll survey week, and increases the odds of a negative print for December. Claims usually drop this week of the year, but NSA PUA filings rose 40K.” “Signs of longer term unemployment are growing, with the ranks of PEUC beneficiaries climbing by 268K the week of Nov. 28 (most recent). In total, 20.6M individuals are receiving unemployment benefits while the jobs market weakens anew.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF struggles to stage a convincing rebound, trades below 0.8850 FX Street 2 years Data released on Thursday showed that initial jobless claims jumped to the highest level since September in the week ended December 12. An unexpected rise in initial jobless claims is another sign that the labour market’s recovery is backsliding, explained analysts at Wells Fargo. Key Quotes: “Renewed restrictions and individual efforts to stem the spread of COVID are bearing down on the labor market. Initial jobless claims rose to 885K the week ending December 12, the second consecutive increase and highest reading since early September.” “The rise comes during the payroll survey week, and increases the odds of a negative… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
