The U.S. Department of Labor released the latest unemployment benefits data on Thursday (22nd). The adjusted number of initial jobless claims reported last week was 216,000, an increase of 2,000 from the revised previous value of 214,000 and lower than market expectations of 222,000; The number of continuation claims was reported at 1.672 million, lower than market expectations of 1.683 million and a decrease of 6,000 from the revised previous value. The data showed that the job market remained resilient amid a weak US economy.
As of the week of December 17, the adjusted number of initial jobless claims in the United States reported 216,000, which was lower than the market expectation of 222,000, an increase of 2,000 from the previous week’s revised 214,000, and the 4-week moving average The value reported was 221,700 people.
For the week ended Dec. 10, adjusted U.S. continuing jobless claims reported 1.672 million, down 6,000 from last week’s revised 1.678 million, in line with market expectations of 1.671 million, and the 4-week moving average of 1.6572 million people.
Continually updated…