- Analytics
- News and Tools
- Market News
- U.S.: Biggest weekly increase since March for jobless claims - Wells Fargo
U.S.: Biggest weekly increase since March for jobless claims - Wells Fargo
According to ActionForex, analysts at Wells Fargo Securities believe that while vaccines offer a light at the end of the tunnel, the labor market will remain under pressure in the short run as 853K people filed claims in the first week of December, an increase of 137K from the prior week.
"We can no longer think of claims being in a trend decline given the fact that they have increased in three out of the past five weeks and are higher today than at any point since September."
"Still, it could have been worse, unadjusted claims figures climbed to 947.5K, but since the seasonal factors were expecting an increase of 92K, the seasonally adjusted print resulted in an increase of “only” 137K, the largest weekly jump since March."
"In an indication of the increased difficulty people are having finding a replacement job, continuing claims rose for the first time since they hit a peak in May."
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
