US DATA: Initial jobless claims -5k to 388k in Nov 12 employment
survey wk, far below the 395k level expected and lowest since Apr 2 week
(385k). Claims in the prev week revised up to 393k vs 390k originally.
Claims -16k vs Oct. 15 survey wk. Labor analyst said there was nothing
unusual in the state data and no states estimated. Unadjusted claims
-42,355 to 360,139 vs seas factors expect of -38k (Decline expected due
to work wk shortened by Friday’s federal holiday). The 4-wk moving avg
-4,000 to 396,750 in Nov 12 wk. Continuing claims -57k to 3.608m in the
Nov 5 wk, lowest since Sept 20, 2008 wk (3.564m).