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U.S. Jobless Claims Remain Low Following Prior Week’s Plunge

Economic IndicatorsDec 02, 2021 08:36AM ET
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© Reuters U.S. Jobless Claims Remain Low Following Prior Week’s Plunge

(Bloomberg) -- Applications for U.S. state unemployment benefits rose by less than forecast last week after a plunge tied to seasonal adjustments.

Initial unemployment claims in regular state programs totaled 222,000 in the week ended Nov. 27, an increase of 28,000 from the prior week, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 240,000 applications.

The four-week average of initial applications, which smooths out large swings in the data, dropped to 238,750.

The level of claims is still near the lows of the pandemic and points to the labor market’s continuing recovery. However, the emerging omicron variant poses a risk to what’s otherwise been a solid pace of hiring.

The figures come a day before the government’s monthly employment report, which is projected to show payrolls increased by 546,000 in November.

©2021 Bloomberg L.P.

U.S. Jobless Claims Remain Low Following Prior Week’s Plunge
 

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Comments (2)
Victor Castillo
Victor Castillo Dec 02, 2021 8:51AM ET
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Lol. Meaningless number . So many have dropped off the rolls and not even looking for work anymore.
John Kelley
John Kelley Dec 02, 2021 8:51AM ET
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or died
Peter BullMarket
Peter BullMarket Dec 02, 2021 8:48AM ET
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The market is so crazy at the moment that a 222 thousand unemployment claims become a positive news.
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Matt Novakovich
Matt Novakovich Dec 02, 2021 8:48AM ET
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Empire Destroyer
Empire Destroyer Dec 02, 2021 8:48AM ET
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Matt Novakovich
Matt Novakovich Dec 02, 2021 8:48AM ET
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bud, chief, captain, boss
Empire Destroyer
Empire Destroyer Dec 02, 2021 8:48AM ET
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Matt Novakovich  boss my favourite :D or in Manchester, UK, we say "Hi, love", and Yorkshire, "Hi, Duck"
PAK KON MAK
PAK KON MAK Dec 02, 2021 8:48AM ET
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lol
 
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