Job­less Claims Ex­ceeded Fore­cast in Lat­est Week

The Bond Buyer - - Market News - — Mar­ket News In­ter­na­tional

Ini­tial claims for U.S. state un­em­ploy­ment ben­e­fits fell by 1,000 to 216,000 in the De­cem­ber 22 week, above ex­pec­ta­tions for a 215,000 level but fol­low­ing an up­ward re­vi­sion to the pre­vi­ous week’s level, data re­leased by the La­bor Depart­ment Thurs­day showed.

A bet­ter mea­sure for the un­der­ly­ing trend of the data is the four-week mov­ing av­er­age for ini­tial claims. The av­er­age fell by 4,750 to 218,000 in the De­cem­ber 22 week.

The level of con­tin­u­ing claims fell by 4,000 to 1.701 mil­lion in the De­cem­ber 15 sur­vey week, also down 4,000 from the 1.705 mil­lion level in the Novem­ber 17 em­ploy­ment sur­vey week.

Be­fore sea­sonal ad­just­ment, con­tin­u­ing claims rose by 34,598 to 1.757 mil­lion, but re­mained well be­low the 1.986 mil­lion level seen in the com­pa­ra­ble week last year.

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