This morning, the Department of Labor released the Initial Jobless Claims for the week ending December 4th. Initial Claims rose 13k to 282k week over week. The four week moving average increased by 1.5k to 270.5k.
As can be seen above, the current level is barely above the recent lows - which are also below the lows reach in 1999 and 2005 for the past two expansions. The 4 week moving average in jobless claims is down 8.2% from its level 52 weeks ago.
There is nothing in the Weekly Jobless Claims data that will stop Janet Yellen and the FOMC from raising rates next week.
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