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US New Unemployment Claims at 217,000... Retail Sales Up 0.4% MoM

Source
YM Lee

Summary

  • The number of new unemployment claims in the United States slightly exceeded expectations, increasing economic uncertainty.
  • The continuous unemployment claims were slightly below expectations.
  • December retail sales rose by 0.4% compared to the previous month, falling short of expectations.

The number of new unemployment claims in the United States slightly exceeded expectations.

According to the data released by the United States Department of Labor on the 16th (local time), the number of new unemployment claims for this week was 217,000, slightly above the expected 210,000. However, the number of continuous unemployment claims, which refers to claims filed for two consecutive weeks, was 1,859,000, slightly below the expected 1,870,000.

Retail sales for December, announced at the same time, rose by 0.4% compared to the previous month, falling short of the expected 0.6% increase.

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YM Lee

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