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

Published 12/09/2021, 08:33 AM
Updated 12/09/2021, 08:36 AM
© 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.

Latest comments

Omg. Bulls are trapped. Fed is going to raise rates big time. Time to get out!
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.
The article forgot to mention about how many workers laid off are now SNAPing and on Welfare . AREN'T THEY PEOPLE ?
very soon jobless claims will be negative, that is more leaving than wanting jobs
Between that and Omicron being a non-factor, you would think it's time to accelerate tapering
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.
think the goal here is to have everyone work for the government or be on welfare
Go to foxnews
  go to cnn   and keep buying!
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
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