For the week ending January 4, seasonally adjusted initial jobless claims were reported at 201,000, reflecting a decline of 10,000 from the previous week's revised figure of 211,000.
For the week ending January 4, seasonally adjusted initial jobless claims were reported at 201,000, reflecting a decline of 10,000 from the previous week's revised figure of 211,000. The 4-week moving average of initial claims dropped by 10,250, reaching 213,000, compared to the prior week's revised average of 223,250.
The seasonally adjusted insured unemployment rate for the week ending December 28 remained unchanged at 1.2%, consistent with the prior week's unrevised rate. The number of seasonally adjusted insured unemployed individuals for the same period increased by 33,000, rising to 1,867,000 from the previous week's revised level. The prior week's figure was revised downward by 10,000, from 1,844,000 to 1,834,000.
Additionally, the 4-week moving average of insured unemployment decreased by 3,000, settling at 1,865,500. This represents a slight improvement from the previous week's revised average of 1,868,500, which had also been revised down by 2,250 from an earlier estimate of 1,870,750.
Source: U.S. 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.
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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.
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