US jobless claims came in at 208k vs 212.4 exp. and 199k previously
- Continued jobless claims: 1.914M vs 1.9M exp. and 1.86M previously
US Unit Labor Costs: -1.9% (Forecast -0.088%, Previous 1.0%)
- US productivity came in at 4.9% vs 5% exp. and 3% previously
The report is overall positive for the stock market, singalling falling YoY labor costs (down almost 2%) but still solid (low) jobless claims and almost 5% higher productivity level. EURUSD reaction is mixed but quite strong economic conditions in the US support US dollar.
Source: xStation5
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