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31 Dec 2014
US initial jobless claims rise by 17k
FXStreet (London) - In the week ending December 27, the advance figure for US seasonally adjusted initial claims was 298,000, an increase of 17,000 from the previous week's revised level according to data from the US Department of Labor.
This compared with a consensus expectation of 290,000 claims.
The previous week's level was revised up by 1,000 from 280,000 to 281,000. The 4-week moving average was 290,750, an increase of 250 from the previous week's revised average. The previous week's average was revised up by 250 from 290,250 to 290,500.
The Department of Labor added that were no special factors impacting this week's initial claims.
The largest increases in initial claims for the week ending December 20 were in Kentucky (+4,151), Ohio (+3,991), Michigan (+2,093), Missouri (+1,739), and Iowa (+1,569), while the largest decreases were in California (-16,139), South Carolina (-1,110), Florida (-985), West Virginia (-604), and Maine (-296).
This compared with a consensus expectation of 290,000 claims.
The previous week's level was revised up by 1,000 from 280,000 to 281,000. The 4-week moving average was 290,750, an increase of 250 from the previous week's revised average. The previous week's average was revised up by 250 from 290,250 to 290,500.
The Department of Labor added that were no special factors impacting this week's initial claims.
The largest increases in initial claims for the week ending December 20 were in Kentucky (+4,151), Ohio (+3,991), Michigan (+2,093), Missouri (+1,739), and Iowa (+1,569), while the largest decreases were in California (-16,139), South Carolina (-1,110), Florida (-985), West Virginia (-604), and Maine (-296).