Key Insights
- Initial Jobless Claims increased from 212,000 to 217,000.
- Continuing Jobless Claims grew from 1.78 million to 1.82 million.
- Unit Labour Costs decreased by 0.8% in the third quarter.
On November 2, U.S. released Initial Jobless Claims report, which indicated that 217,000 Americans filed for unemployment benefits in a week. Analysts expected Initial Jobless Claims of 210,000.
Continuing Jobless Claims increased from 1.78 million to 1.82 million, compared to analyst consensus of 1.8 million.
Importantly, Unit Labour Costs declined by 0.8% in the third quarter, while analysts expected…
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