US Jobless Claims Climb for Third Straight Week

Source: US Labor Department

Unemployment claims in the United States grew by 55,000 to mark the third straight week of growth. DXY is down 0.06%, while Gold is up 0.31%.

• Seasonally adjusted initial claims for the week ending January 15 stood at 286,000, up from the previous week’s upward revised level of 231,000.
• The four-week moving average increased by 20,000 to 231,000 from the previous week’s revised level of 211,000.
• The advance seasonally adjusted insured unemployment rate for the week ending January 8 increased by 0.1 percentage points to 1.2%.
• Adjusted insured unemployment for the week grew by 84,000 to 1.635 million from the previous week’s downward revised 1.551 billion.
• The four-week moving average fell by 55,250 to 1.664 million from 1.719 million. This is the lowest level since April 27, 2019’s 1.663 million.
• The biggest jumps were in California, New York, Texas, Kentucky, and Missouri. The largest declines were in Massachusetts, Connecticut, Michigan, New Hampshire, and Rhode Island.