Source: US Labor Department
US unemployment claims rebounded in the last week of 2020, following the decline seen in the week before Christmas. DXY is down 0.10%, while Gold is down 0.92%.
- Seasonally adjusted initial claims for the week ending January 1 stood at 207,000, marking a 7,000 increase from the previous week’s revised level of 200,000.
- The four-week moving average increased by 4,750 to 204,500 from the previous week’s revised average of 199,750.
- The insured unemployment rate for the week ending December 25 was 1.3%, unchanged from the previous week.
- Insured unemployment for the week grew by 36,000 to 1.754 million from the previous week’s revised level of 1.718 million.
- The four-week moving average fell by 61,250 to 1.798 million from the previous week’s 1.860 million. This is the lowest level since March 14, 2020’s 1.730 million.
- The biggest jumps were in New Jersey, Pennsylvania, Ohio, Michigan, and New York.
- The largest declines were in California, Texas, Virginia, Alabama, and Wisconsin.