Weekly continuing claims 2198K vs 2190k estimate
The 4-week average rises to 277K vs 272.5K last week. The prior week was unrevised.
The Labor department says that the jump could just be seasonal adjustment volatility.
There were no estimates or special factors. The jump higher took the level to the highest since July.
The EURUSD has moved up about 10 pips on the report. While the USDJPY has fallen about 8 or so pips on the initial reaction. NO BIG DEAL.
Needless to say, today is not the day to pay for the champagne. Speaking of champagne, the corks are popping in Sydney Harbour and other parts of Australia. Happy New Year Eamonn and all FXL followers in that part of the world!
