- Initial Jobless Claims in the US increased to 217K in the week ending November 9, below estimates of 223K and the prior week’s 221K.
- The seasonally-adjusted insured unemployment rate remained at 1.2%, while the four-week moving average decreased to 221K.
- Headline PPI in the US rose 2.4% YoY in October, exceeding estimates and marking a significant increase from September's 1.9% revised gain.
- Excluding Food and Energy, PPI increased by 3.1% YoY, higher than expectations and the previous reading of 2.9%.
- On a monthly basis, headline PPI and core PPI both rose by 0.2% and 0.3%, respectively, meeting expectations but higher than the previous rate.
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