US initial jobless claims rose 2k to 216k in the week ending December 17, below expectation of 220k. Four-week moving average of initial claims dropped -6k to 222k. Continuing claims dropped -6k to 1672k in the week ending December 10. Four-week moving average of continuing claims rose 30k to 1657k. Full release here.
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Canada’s labor market weakened notably in April as employment unexpectedly declined and the unemployment rate climbed to its highest level in months. Total employment fell by -17.7k during the month, sharply missing expectations for a Read more…
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