Weekly US jobless claims data will be released at the bottom of the hour. Last week’s reported claims were 399K but before that a positive trend appeared to be emerging.
The problem is that holidays and year-end tend to skew the numbers so no one has a firm handle on the employment situation. The consensus this week is 384K with estimates ranging from 384K to 405K.
Recent claims data:
CPI and housing starts will be released at the same time but expect claims to get most of the market’s attention.
