According to the data announced by the US Department of Labor, unemployment claims in the week ending January 8 increased by 23 thousand to 230 thousand. This figure, which was announced, was recorded as the highest level since last November.
The PPI, another data released by the US Department of Labor, came in below market forecasts. The PPI increased by 0.2 percent monthly and 9.7 percent annually in December, below the forecasts. The annual increase was recorded as the largest increase seen since 2010.
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