Looking back at historical data, the steady climb in claims for unemployment benefits logically suggests that the unemployment rate for December will likewise jump upon release on January 9.
Graph source: http://www.dailyfx.com/story/market_alerts/fundamental_alert/US_Continuing_Jobless_Claims_Reflect_1230742179825 .html
Fewer Americans on average filed claims for jobless benefits over the past four weeks, signaling companies are gaining confidence as the economy recovers.
The four-week average declined to a one-year low of 473,750 last week from 481,500, Labor Department figures showed today in Washington. Initial jobless claims, which are more volatile, unexpectedly rose by 17,000 to 474,000 in the week ended Dec. 5.