The weekly report of requests for unemployment benefits registered figures below expectations. Initial orders, expected to shrink to 730,000, stood at 778,000, after rising 30,000 in the week ending November 21. It is the highest level in the last five weeks.
Regarding whats continued orders, these fell by 299,000 in the week ended November 14 to 6,071,000, above the 6,020,000 million consensus From the market. It is the ninth consecutive weekly drop and the lowest reading since March, when the effects of the restrictions due to the coronavirus pandemic began to impact.
Along with this report, the durable goods requests for October and a new estimate of GDP growth for the third quarter were also published. The dollar weakened moderately across the market following the numbers. Later it will be the turn of the personal income and expenditure report for October and then that of the Federal Reserve minutes.
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