New Jobless Claims at 28-Year High

When was the last time the number of new jobless claims didn’t surpass consensus? Word on the street was that it would hit 558,000

MarketWatch: The U.S. labour market continued to worsen in recent weeks, with the unemployment lines stretching to the longest in 26 years, the labour Department reported Wednesday. First-time applications for state unemployment benefits jumped by 30,000 to a seasonally adjusted 586,000 in the week ending Dec. 20, the government said. That’s the highest since November 1982. The four-week average of new claims rose by 13,750 to 558,000, the highest since December 1982.

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