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US: Jobless claims do not vary; inflation is highest in almost 40 years

The number of Americans who filed new jobless claims has remained below pre-unemployment levels.pandemic last week, as consumer spending rose solidly, putting the economy U.S on its way to end 2021 strengthened.

But price pressures continued to build, with a measure of inflation underlying PCE, registering in November its biggest annual increase since 1982, with an accumulated of 5.7%.

The data for this Thursday (23) come at a time when the country is fighting the resurgence of Covid-19 infections, driven by the variant Delta and by the highly transmissible Omicron, which could hamper economic growth in the first quarter.

Initial jobless claims were unchanged at 205,000 seasonally adjusted data for the week ended Dec. 18, the Labor Department said. This month, requests had dropped to a plateau last seen in 1969.

Economists polled by Reuters were forecasting 205,000 requests for the last week. Orders fell from a record 6.149 million registered in April 2020.

A separate Commerce Department report also released on Thursday showed that consumer spending, which accounts for more than two-thirds of US economic activity, rose 0.6% last month.

October’s data was revised upwards to show a rise of 1.4% from the 1.3% as previously released. Economists polled by Reuters predicted a 0.6% increase in consumer spending.

Reference: CNN Brasil

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