❓WHAT HAPPENED: Jobless claims in the U.S. increased by 44,000 to 236,000 for the week ending December 6, surpassing analyst predictions of 213,000. However, continuing claims have reached their lowest level since mid-April.
👤WHO WAS INVOLVED: The U.S. Labor Department reported the data, which reflects national trends in employment and layoffs.
📍WHEN & WHERE: The data covers the week ending December 6.
💬KEY QUOTE: “Applications for unemployment aid are viewed as a proxy for layoffs and are close to a real-time indicator of the health of the job market.” – Labor Department report
🎯IMPACT: The rise in claims contrasts with a drop in continuing claims, which fell by 99,000 to 1.84 million, suggesting a mixed picture for the labor market.
U.S. jobless claims jumped by 44,000 to 236,000 in the week ending December 6, according to the Labor Department—well above economists’ forecasts of 213,000 and a sharp increase from the prior week’s 192,000. However, the number of people receiving ongoing unemployment benefits dropped 99,000 to 1.84 million for the week ending November 29—the lowest level since mid-April.
The four-week moving average of new claims, which accounts for short-term volatility, edged up 2,000 to 216,750. Unemployment claims are widely regarded as a timely indicator of layoffs and overall labor market conditions. The latest figures paint a mixed picture: some industries appear to be cutting jobs, while others are retaining workers or rehiring them.
The data underscore the ongoing fluctuations in the U.S. job market, highlighting the need for policymakers to monitor employment indicators in the weeks ahead closely. On Wednesday, the Federal Reserve cut interest rates for a third time, tacitly acknowledging the Trump administration’s longstanding position that excessive borrowing costs for businesses and consumers have held down hiring.
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