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US weekly initial jobless claims 787K vs 835K expected

Weekly US initial jobless claims data

weekly initial jobless claims chart
  • Prior was 803K (revised to 806K)
  • Continuing claims 5219K vs 5390K expected
  • Prior continuing claims 5337K
  • PUA claims 308K vs 397K prior
  • Total claims 19.564K vs 20.368K prior
  • Full report

This is for the week ending December 26, which is obviously impacted by holidays and very tough to forecast because of that. I wouldn’t take a signal from the data until January, when the work week gets back to normal.

Markets were little changed on this data point, which is the last US number of 2020.

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