The number of new applications for unemployment benefits in the United States last week fell to its lowest level since 1969. Applications for unemployment benefits fell by 71,000 to 199,000 . This was reported by the American Department of Labor on Wednesday. The number of applications is now at the lowest level since 15 November 1969, when 197,000 applications were submitted. Economists had predicted 260,000 applications for the last week of November.
The growth rate for the American economy in the third quarter has been revised upwards as expected according to new figures from the U.S. Department of Commerce. The gross domestic product (GDP) increased in the third quarter by 2.1% on an annual basis. Earlier, 2.0% was reported. Economists had previously taken into account a revision to 2.2%. Purchasing prices, selling prices and consumer spending increased slightly more.
The income of the average American citizen rose in October, while spending increased at a higher pace. This was revealed on Wednesday by figures from the US government. Incomes rose by 0.5% in October on a monthly basis, after a decline of 1.0% in September. Spending increased by 1.3% in October, after an increase of 0.6% in September.
The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.23% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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