Daily Archives: December 26, 2012

Weekly Jobless Claims: 22 Dec 2012 Preview

The final report on the US labor market scheduled for release this year is widely expected to be a wash. Several surveys advise that economists see a flat to slightly higher number for tomorrow’s update on weekly jobless claims through December 22. The Capital Spectator’s average econometric forecast anticipates a rise to 363,000 in new filings for unemployment benefits (seasonally adjusted) vs. the previously reported 361,000. If the forecast holds, jobless claims for December are on track to post an encouraging decline vs. the year-ago monthly total. That outlook implies that the labor market’s growth trend, modest though it is, will roll on.

Continue reading