US Initial Jobless Claims for December 12 came in gloomy as they rose to 480 thousand; above the forecasts of 465 thousand and worse than the prior revised reading of 473 thousand from 474 thousand, while the continuing claims for December 5 climbed to 5186 thousand, which is worse than the predicted reading of 5170 thousand and the prior revised reading of 5181 thousand from 5157 thousand.