For the week ending January 18, seasonally adjusted initial jobless claims totaled 223,000, reflecting an increase of 6,000 from the prior week’s unrevised figure of 217,000.
The 4-week moving average of initial claims rose slightly by 750, reaching 213,500 compared to the previous week’s average of 212,750.
The seasonally adjusted insured unemployment rate for the week ending January 11 remained steady at 1.2%, unchanged from the prior week’s unrevised rate. However, the number of insured unemployed individuals rose by 46,000 to 1,899,000, marking the highest level since November 2021, when it stood at 1,974,000. The prior week’s insured unemployment figure was revised down by 6,000, from 1,859,000 to 1,853,000.
The 4-week moving average for insured unemployment increased by 500, rising to 1,865,750. This was slightly higher than the previous week’s revised average of 1,865,250, which had been revised downward by 1,500 from an initial estimate of 1,866,750.
The latest data highlights a modest uptick in both unemployment claims and insured unemployment levels, signaling a potential cooling in the labor market.
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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