Technical Analysis

US weekly initial jobless claims 225K vs 225K expected

  • Prior was 216K
  • Continuing claims 1710K vs 1686K expected
  • Prior continuing claims 1672K

Jobless claims are highly volatile at Christmas and New Years because of holiday skews. You don’t get a clean read until the second week of January. For 2023, the Fed will want to get claims to around 300k, so there is plenty of ground to cover.

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