29/12/2017 - US Jobless Claims Hold Steady

USD

The Dollar held firm on Thursday after labour department figures showed the number of people filing for U.S. unemployment benefits held steady last week, in part reflecting estimated data for 13 states and still consistent with a strong job market.

Jobless claims were unchanged at 245k still hovering near the lowest level in more than four decades, underscoring employers’ reluctance to reduce staff given the shortage of qualified workers.

Jobless claims, which are typically volatile around the holiday season, have been below the 300,000 tally that’s considered a sign of a healthy labour market. A report next week is projected to show hiring rose in December and the unemployment rate stayed at the lowest level since late-2000, signalling continued strength in demand for workers

Key Announcements

None