Jobless Claims Exceeded Forecast in Latest Week
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.