US Jobless Claims Up for Second Straight Week

Source: US Labor Department

Unemployment claims in the United States continued to grow in the first week of the year, marking the second straight week of increases. DXY is down 0.24%, while Gold is down 0.21%.

• Seasonally adjusted initial claims for the week ending January 8 increased by 23,000 to 230,000, from the previous week’s unrevised 207,000.
• The four-week moving average climbed by 6,250 to 210,750 from the previous week’s unchanged average of 204,500.
• The insured unemployment rate for the week ending January 1 fell by 0.2 percentage points from the unrevised rate in the previous week.
• Insured unemployment stood at 1.559 million, down by 194,000 from the previous week’s revised level of 1.753 million.
• The latest insured unemployment level is the lowest in 48 years since June 2, 1973’s 1.556 million.
• The biggest jumps for the week were in New York, Pennsylvania, Connecticut, Washington, and Michigan.
• The steepest declines were recorded in Missouri, Tennessee, Puerto Rico, Rhode Island, and New Mexico.