In the week of December 28, seasonally adjusted initial unemployment claims reached 211,000, a decrease of 9,000 from the revised 220,000 in the prior week.
The earlier figure was adjusted upward by 1,000, from 219,000 to 220,000. The 4-week moving average fell by 3,500 to 223,250, compared to the previous week’s revised average, which was increased by 250, from 226,500 to 226,750.
During the week ending December 21, the seasonally adjusted insured unemployment rate dropped to 1.2%, a decline of 0.1% from the previous week’s unrevised rate. Insured unemployment for that period stood at 1,844,000, a reduction of 52,000 from the revised 1,896,000 in the earlier week. The prior figure was revised downward by 14,000, from 1,910,000 to 1,896,000. The 4-week moving average of insured unemployment decreased by 6,750 to 1,870,750, with the previous week’s average revised down by 3,500, from 1,881,000 to 1,877,500.
Source: U.S. Department of Labor
Global markets remained focused on shifting Middle East developments and monetary policy expectations, with reports of progress toward a Strait of Hormuz shipping agreement influencing sentiment.
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Weak Jobs Data Hits Dollar as Hormuz Risks Persist (10 – 14 August)Global markets entered the week as investors reassessed the Federal Reserve's outlook after a surprisingly weak US employment report signaled further deterioration in labor market conditions. The Dollar Index fell toward a two-month low, while gold and silver held onto strong weekly gains as expectations for a September Fed rate hike dropped sharply. At the same time, uncertainty surrounding the Strait of Hormuz continued to influence oil prices and global inflation expectations, with Iran and Oman reporting progress toward a transit agreement but no broader resolution yet reached.
Detail Weak Jobs Data Supports Metals and Currencies (08.10.2026)Global markets opened the week with the dollar under pressure after unexpectedly weak U.S. employment data reduced expectations for a September Federal Reserve rate hike.
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