Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. Jobless Claims Decline to Lowest Level Since 1969

Economic IndicatorsDec 09, 2021 08:36AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Bloomberg. A worker welds a lawnmower frame together on the assembly line at a facility in Coatesville, Indiana. Photographer: Luke Sharrett/Bloomberg

(Bloomberg) -- Applications for U.S. state unemployment benefits declined last week to the lowest level since 1969, illustrating difficulties adjusting the raw data for seasonal effects.

Initial unemployment claims totaled 184,000 in the week ended Dec. 4, down 43,000 from the prior period, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 220,000 applications. 

The drop pushes the level of applications below the plunge two weeks earlier in what many economists attributed to difficulties adjusting for seasonal swings around the holidays. On an unadjusted basis, initial claims climbed by about 64,000.

©2021 Bloomberg L.P.

U.S. Jobless Claims Decline to Lowest Level Since 1969
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (11)
Bill Riley
Bill Riley Dec 09, 2021 3:23PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
New York, California and Hawaii look up the U-6 Unemployment rates
Mart Bab
Rubberduck1973 Dec 09, 2021 10:53AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Omg. Bulls are trapped. Fed is going to raise rates big time. Time to get out!
Ronald Warren
Ronald Warren Dec 09, 2021 9:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If you want your profits, take them today. The low jobless claims in combination with a high inflation number tomorrow means drastic taper by the FED next Tuesday. Market sells off.It needs to be understood that inflation should be high with trillions in QE. If inflation number comes in low tomorrow, market sells off, because all the QE is sitting in the banks and not in circulation. One way or the other, this market should correct.
Pratt Man
Pratt Man Dec 09, 2021 9:32AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Let's not forget that jobless claims were staying to slowly rise.. that's why the yells yieled curve inverted back in 2019
Strat Afro
Strat Afro Dec 09, 2021 9:32AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The article forgot to mention about how many workers laid off are now SNAPing and on Welfare . AREN'T THEY PEOPLE ?
Jo Pa
Jo Pa Dec 09, 2021 9:31AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Jobless is defined as looking for work for less than a period of time. People who don't want to work, or have been unemployed for too long, are excluded.
Pratt Man
Pratt Man Dec 09, 2021 9:30AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
great job Joe and Barrack. We had a great thing until the last dooop ruined it all.
MuraliKrishna Brahmandam
MuraliKrishna Brahmandam Dec 09, 2021 9:04AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
very soon jobless claims will be negative, that is more leaving than wanting jobs
Pratt Man
Pratt Man Dec 09, 2021 9:04AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
read your comment. it doesn't even make sense.
David Vaughan
David Vaughan Dec 09, 2021 8:56AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Between that and Omicron being a non-factor, you would think it's time to accelerate tapering
TheEnd IsNigh
TheEnd IsNigh Dec 09, 2021 8:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
LOL. Meanwhile, inflation continues to surge. I guess everyone one in America will need to get no less than 3 jobs to help stay afloat. And honestly, that's what will be needed to get the US out of the dark situation it's in now. Squeeze as much blood from the turnip as possible.
Al Ose
Al Ose Dec 09, 2021 8:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Naive assessment. One small variable. You may need 3 jobs if you base investment decisions on such small data points. You will run out of money
Madd Dogg
Madd Dogg Dec 09, 2021 8:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
think the goal here is to have everyone work for the government or be on welfare
Al Ose
Al Ose Dec 09, 2021 8:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Madd Dogg Go to foxnews
Madd Dogg
Madd Dogg Dec 09, 2021 8:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Al Ose   go to cnn   and keep buying!
Madd Dogg
Madd Dogg Dec 09, 2021 8:46AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lol    anything is what you want it to be depending on the perspective.. like having 11 million job openings but hardly anyone to work!   boom economy  buy the rocket ship!  to the moon
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email