U.S. Jobless Claims Rise More Than Expected To Three-Month High
23 Novembre 2022 - 10:20AM
RTTF2
The Labor Department released a report on Wednesday showing
first-time claims for U.S. unemployment benefits increased by more
than expected in the week ended November 19th.
The report said initial jobless claims rose to 240,000, an
increase of 17,000 from the previous week's revised level of
223,000.
Economists had expected jobless claims to inch up to 225,000
from the 222,000 originally reported for the previous week.
With the bigger than expected increase, jobless claims reached
their highest level since hitting 245,000 in the week ended August
13th.
"The Fed needs the labor market too cool to engineer a soft
landing but the monetary policy implications of the recent rise in
new filings isn't significant," said Ryan Sweet, Chief US Economist
at Oxford Economics. "Overall, the labor market remains tight and
labor demand, though moderating, remains strong."
He added, "To engineer a soft landing and put downward pressure
on inflation, the Fed needs to tighten monetary policy sufficiently
to slow GDP growth to a below-potential pace to reduce labor
demand."
The Labor Department said the less volatile four-week moving
average also crept up to 226,750, an increase of 5,500 from the
previous week's revised average of 221,250.
Continuing claims, a reading on the number of people receiving
ongoing unemployment assistance, also climbed by 48,000 to 1.551
million in the week ended November 12th.
The four-week moving average of continuing claims also rose to
1,509,750, an increase of 28,250 from the previous week's unrevised
average of 1,481,500.
Next Friday, the Labor Department is scheduled to release its
more closely watched monthly employment report for November.
Sterling vs US Dollar (FX:GBPUSD)
Graphique Historique de la Devise
De Mar 2024 à Avr 2024
Sterling vs US Dollar (FX:GBPUSD)
Graphique Historique de la Devise
De Avr 2023 à Avr 2024