At the end of November, seasonally adjusted initial claims for unemployment benefits rose by 9,000, reaching a total of 224,000.
The figure for the previous week was revised upward by 2,000, from 213,000 to 215,000. The 4-week moving average increased by 750 to 218,250, compared to the prior week's revised average of 217,500, which had been adjusted upward by 500 from 217,000.
As of November 23, the seasonally adjusted insured unemployment rate stood at 1.2%, reflecting a 0.1 percentage point decrease from the previous week’s unrevised rate. The number of seasonally adjusted insured unemployed individuals fell by 25,000 to 1,871,000 for that week. The prior week’s figure was revised downward by 11,000, from 1,907,000 to 1,896,000. Additionally, the 4-week moving average for insured unemployment decreased by 3,250 to 1,884,250, compared to the previous week’s revised average of 1,887,500, which had been adjusted downward by 2,750 from 1,890,250.
Source: US Department of Labor
Global markets remained focused on U.S. fiscal concerns, shifting central bank expectations, and renewed Middle East tensions.
Fed Inflation Concerns RemainThe latest Federal Reserve minutes show that inflation remains a central concern for policymakers, even as recent economic data has reduced the urgency for another rate increase. Some officials believe price pressures are becoming more widespread, while a smaller group directly supported further tightening.
Detail
Dollar Falls on Debt Concerns as Yields Rise (24 – 28 August)Global markets entered the week with the US dollar under continued pressure as concerns over federal debt and Treasury market management moved to the center of investor attention. The Dollar Index hovered near 98.8 following sharp losses in the previous week, while the US Treasury’s expanded bond buyback programme pushed longer-term yields and the dollar lower. The move supported gold, silver, and major currencies, while investors assessed its longer-term implications for US borrowing costs and the yield curve.
DetailThen Join Our Telegram Channel and Subscribe Our Trading Signals Newsletter for Free!
Join Us On Telegram!
