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US initial jobless claims increase to 313k

FXStreet (London) - According to data released by the US Department of Labor, in the week ending November 22, the advance figure for seasonally adjusted initial claims was 313,000, an increase of 21,000 from the previous week's revised level.

The previous week's level was revised up by 1,000 from 291,000 to 292,000.

The 4-week moving average was 294,000, an increase of 6,250 from the previous week's revised average. The previous week's average was revised up by 250 from 287,500 to 287,750.

Initial claims exceeded consensus expectations of a cut to jobless claims to 288k.

The DoL reported the advance seasonally adjusted insured unemployment rate was 1.7 percent for the week ending November 15, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 15 was 2,316,000, a decrease of 17,000 from the previous week's revised level.

US personal income increases, but gains weaker than expected

US personal income increased USD32.9 billion, or 0.2 percent, and disposable personal income (DPI) increased USD23.4bn,or 0.2 percent, in October, according to the Bureau of Economic Analysis.
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GBP/USD knocks the 1.5800 doors

The Pound is trading higher against the US Dollar since the Sterling is being driven by non-bad bad UK GDP. The GBP/USD rose over 115 pips from 1.5675 to break above 1.5735 and to trade at highs since November 11 above 1.5800.
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