PT Solid Gold Berjangka | US Initial Claims for Jobless Benefits Rise Less Than Forecast

02:29 22 December in Economy, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP

Ekonomi AS Klaim Pengangguran GDP AS Unemployment Claims PT SGB Solid Group SG Berjangka Solid Gold Berjangka

Solid Gold Berjangka | The provided text outlines the latest developments in the US labor market, particularly focusing on unemployment insurance claims. Here are some key points:

  1. Unemployment Insurance Claims: Initial applications for US unemployment insurance rose by 2,000 to 205,000 in the week ended December 16. This figure is less than the forecasted 215,000 according to a Bloomberg survey of economists. The relatively low number of claims suggests that the labor market remains resilient.
  2. Recurring Claims: Recurring claims were little changed in the week ended December 9. The stability in recurring claims indicates ongoing efforts by companies to retain employees, contributing to the overall health of the labor market.
  3. Economic Growth: Despite elevated interest rates, the US economy has experienced moderate growth throughout the year, supported by a robust labor market that bolsters consumer spending. However, recurring applications have been on an upward trend in recent months, indicating challenges for those laid off in finding new positions.
  4. Four-Week Moving Average: The four-week moving average of initial claims decreased to 212,000, reaching the lowest level since October. This metric helps smooth out weekly fluctuations in the data, providing a more stable view of the labor market.
  5. GDP Growth: A separate report mentioned that gross domestic product (GDP) grew at a 4.9% annualized rate in the third quarter, slightly less than the previously estimated 5.2%. Personal consumption, a significant component of the economy, advanced at a downwardly revised 3.1% pace.
  6. Unadjusted Data: Unadjusted data, which doesn’t account for seasonality, showed a drop of 9,225 in initial claims to 239,865. California and Georgia recorded the largest declines, while Ohio saw the biggest increase.
  7. Year-End Considerations: The text notes that unemployment insurance data can be noisy at the end of the year due to the timing of holidays on the calendar.

Overall, the information suggests a positive outlook for the US labor market, with low initial unemployment claims and a resilient economy, though challenges remain for those seeking employment.