US Jobless Claims Return to 200,000 Level

Source: US Labor Department

American unemployment claims grew back to the 200,000 level in the past week, following the 52-year low recorded in the past seven days. DXY is down 0.47%, while Gold is up 1.13%.

• Seasonally adjusted initial claims for the week ending December 11 came in at 206,000, up 18,000 from the previous week.
• The previous week’s level was upgraded by 4,000 to 188,000 from 184,000.
• The four-week moving average fell by 16,000 to 203,750, the lowest since November 15, 1969’s 202,750.
• The insured unemployment rate for the week ending December 4 was 1.4%, down 0.1 percentage points from the previous week’s unchanged rate.
• Insured unemployment for the week stood at 1.845 million, down 154,000. This is the lowest level since March 14, 2020’s 1.770 million.
• The biggest jumps for the week were recorded in Texas, New York, California, Michigan, and Illinois.
• The largest declines were in Virginia and North Carolina.