US weekly initial jobless claims 211K vs 222K expected

• Prior week 220K
• 4-week moving average 223.25K vs 226.5 prior
• Continuing claims 1.844M vs 1.890M expected
• Prior week continuing claims 1.910M

At this time of year, it’s not a good idea to make any conclusions about the economy based on initial jobless claims. There are some heavy seasonal adjustments around the holidays.

This article was written by Adam Button at www.forexlive.com.