The U.S. economy will end strongly in 2021, and the labor market will continue to tighten

The number of initial claims for unemployment benefits in the United States increased slightly last week, but labor market conditions still maintain a tightening trend. U.S. manufacturing output climbed 0.7% in November to the highest level since January 2019, and housing starts surged 11.8%. The seasonally adjusted annual rate was 1.677 million households, the highest since March. In the week ending December 11, the number of initial jobless claims increased by 18,000 to 206,000 after seasonal adjustment.

Article excerpted from the US Stock Research Agency