The number of Americans filling for unemployment benefits was 0.853 million in the week ended December 5th, compared to 0.712 million in the previous week. Today’s reading came in above market expectations of 0.725 million. It iss the highest number since mid-September amid rising COVID-19 cases and new lockdowns across the country.
Continuing claims reading, which lags initial jobless claims data by one week, reach 5757 million, while analysts expected a drop to 5.335 million. Today’s reading still remain much above 1.7 million average reported before the pandemic.
Annual inflation rate in the US was unchanged at 1.2% in November and slightly above market expectations of 1.1%.
Core consumer prices in the United States increased 1.60 % in November over the same month in the previous year.
EURUSD bounced off the 1.2107 level fell after today's data releases and is approaching 1.2141 resistance level. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
