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- Thursday, 15 October 2009 11:47:02 GMT Overnight Interest Rate Update 10.15.09
- Thursday, 15 October 2009 05:24:16 GMT Sterling Finally Plays Catch-Up (Morning Slices)
- Thursday, 15 October 2009 7:15:09 GMT Oil, Metals Diverge as US Dollar Stages Uneven Rebound - Where to From Here?
- Thursday, 15 October 2009 05:42:54 GMT ECB Monthly Report: 3Q Expected to Grow at 0.1% versus 2Q
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- Wednesday, 14 October 2009 18:31:01 GMT Crude Marks New Year High, Extends Five-Day Rally as Dow Advances Fills in for Delayed Output Numbers
- Wednesday, 14 October 2009 14:24:37 GMT Business Inventories Fall for 12th Month
- Wednesday, 14 October 2009 13:08:21 GMT U.S. Retail Sales Fall Less Than Expected On Broader Demand
- Wednesday, 14 October 2009 11:24:58 GMT Overnight Interest Rate Update 10.14.09
- Wednesday, 14 October 2009 11:14:50 GMT European Industrial Production Rises, Adds Too Recovery Signs
- Wednesday, 14 October 2009 10:23:33 GMT Greenback Finds No Relief in Overnight Trade (Morning Slices)
- Wednesday, 14 October 2009 04:10:16 GMT UK Claimant Count Rate Holds Flat; Jobless Claims Falls to 20.8K
Upon first glance, the release of US initial jobless claims may appear rather optimistic as they fell 94,000 to 492,000 during the week ended December 27. However, this data is actually skewed because of the shortened holiday week and for what it's worth, employment reports specifically for the last two weeks of December should be ignored for this reason. Indeed, the surge in continuing jobless claims for the week ended December 20 provides a more accurate view of the US labor markets, as they rose to a fresh 26-year high of 4,506,000. Looking back at historical data, the steady climb in claims for unemployment benefits logically suggests that the unemployment rate for December will likewise jump upon release on January 9.
US Continuing Jobless Claims (Weekly) vs. US Unemployment Rate (Monthly)
Source: Bloomberg
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