Last week’s news on jobless claims
The day before Christmas, Reuters reported: “Jobless claims hold steady in latest week.”
Sphere: Related ContentFirst-time applications for state unemployment insurance . . . fell a mere 1,000 to 353,000 in the week ended Dec. 20 from a revised 354,000 in the prior week. . . .
Claims have been below the 400,000 level economists see as a divide between improving and deteriorating labor markets for 12 consecutive weeks — the longest stretch since a run that ended in April 2001.
A more reliable barometer of employment market trends, the closely watched four-week moving average of initial claims, fell for the second straight week to 361,750 from 362,000 in the previous week.
[T]he number of unemployed workers who continued to draw benefits fell 38,000 to 3.27 million in the week ended Dec. 13, the latest week for which that figure is available. That is the lowest level since shortly after the Sept. 11, 2001, attacks.
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