16 December 2022 | Other

Jobless claims in the US. dropped to the lowest since September

According to the Department of Labor, the number of initial jobless claims decreased to 211,000. 

Economists supposed that their number couldd be 230,000. However, it turned out to be 20,000 less than last week. This is the lowest level since early autumn. 

The number of weekly claims varies, especially during holidays. Nevertheless, senior US economist for Oxford Economics Nancy Vanden Houten supposes that this number shows the difficult situation in the job market.

She says that initial claims are volatile during holidays. But their small number indicates that companies don’t tend to dismiss the staff which was so hard to recruit.

Vanden Houten added that according to this information, the job market is currently tight for the Fed. The Federal Reserve System increased the rate several times to reduce inflation. Fed officials are concerned that the number of vacancies exceeds the number of job seekers. Such a disbalance can provoke price and wage hikes.   

Company MarketCheese
Period: 14.11.2026 Expectation: 3500 pips
Sell Bitcoin with $75,000 in view
30 October 2026 74
Period: 14.11.2026 Expectation: 150 pips
Go short on SPX down to $7,500
30 October 2026 96
Brent sell
Period: 29.11.2026 Expectation: 450 pips
Brent crude sell-off targets $105
29 October 2026 71
Period: 12.11.2026 Expectation: 28000 pips
Go long on NVIDIA stock up to $243
29 October 2026 74
Period: 28.11.2026 Expectation: 130 pips
Invest in SPX with 7,850 in view
28 October 2026 100
Period: 28.11.2026 Expectation: 4200 pips
Selling EURUSD down to 1.07000
28 October 2026 114
Go to forecasts