×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: jobless | benefits | fall | low

Filings for Jobless Benefits Fall to 3-Week Low

Filings for Jobless Benefits Fall to 3-Week Low
(AP)

Thursday, 26 December 2019 08:55 AM EST

Filings for U.S. unemployment benefits fell to a three-week low, reflecting a solid labor market and indicating the data are emerging from recent bout of seasonal volatility.

Jobless claims declined to 222,000 in the week ended Dec. 21 from 235,000, according to Labor Department figures released Thursday that were in line with the median forecast in Bloomberg’s survey of economists. Filings were estimated for six states and Puerto Rico.

Key Insights

  • The decrease in filings, and gradual return to the longer- term trend, underscores recent signs of strength in the labor market. Companies may be less likely to let employees go amid an elevated level of job openings and difficulty luring talented and experienced personnel.
  • Earlier this month, claims unexpectedly surged, likely due to the late timing of the Thanksgiving holiday. The spike underscores the challenge the government has in making seasonal adjustments to the data during the year-end holidays.
  • The four-week average, a less-volatile measure, rose to 228,000, the highest since mid-February.
  • Continuing claims, reported with a one-week lag, declined by 6,000 to 1.72 million in the week ended Dec. 14.
  • The unemployment rate among people eligible for benefits held at 1.2%.
  • Economists surveyed by Bloomberg had forecast that claims would decline to 220,000 after a previously reported 234,000 for the prior week.

© Copyright 2022 Bloomberg News. All rights reserved.


Newsfront
Filings for U.S. unemployment benefits fell to a three-week low, reflecting a solid labor market and indicating the data are emerging from recent bout of seasonal volatility.Jobless claims declined to 222,000 in the week ended Dec. 21 from 235,000, according to Labor...
jobless, benefits, fall, low
214
2019-55-26
Thursday, 26 December 2019 08:55 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved