US EditionUS Applications for Jobless Benefits Jumped to 236,000 Last Week but Continuing Claims Are Lowest Since April
Initial jobless claims rose by 44,000 to 236,000, surpassing forecasts, while continuing claims dropped to an eight-month low, signaling mixed labor market signals.
- For the week ending Dec. 6, the Labor Department reported initial claims rose by 44,000 to 236,000, topping the prior week's 192,000 and analysts' 213,000 forecast.
- Hiring remains sluggish, with Americans looking for work facing challenges as job cuts by UPS, General Motors, Amazon and Verizon recently may not yet appear in Thursday’s claims.
- The Labor Department's four-week average of claims rose by 2,000 to 216,750 while continuing claims fell to the lowest level in eight months, the lowest since mid-April.
- The immediate effects include the unemployment rate inching up to 4.4% and Americans collecting benefits falling to 1.84 million for the week ending Nov. 29, with November's jobs data delayed until next week.
- In broader context, jobless claims figures in recent years have remained historically healthy, while private payroll firm ADP estimated 32,000 U.S. job losses in November.
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64 Articles
US weekly jobless claims post largest increase in nearly 4-1/2 years amid seasonal volatility
The number of Americans filing new applications for unemployment benefits increased by the most in nearly 4-1/2 years last week, but the surge likely does not suggest a material weakening in labor market conditions, as the claims data are volatile around this time of year.
The number of initial claims for unemployment benefits in the United States rose by 44,000 in the first week of December compared to the previous week, to 236,000, the US Department of Labor announced today.
Pay Attention To The Weekly Jobless Claims To Find Economic Trouble Coming
By Robert Romano Unemployment continued claims, not seasonally adjusted, jumped the week of Nov. 29 by 268,460 to 1.96 million, as initial claims also increased to 313,400 the week of Dec. 6, according to the latest data compiled by the U.S. Department of Labor. Almost certainly, this is just normal churning in labor markets headed towards the Christmas season. Usually, you’ll see a spike in initial and continued claims the first week of Decembe…
New unemployment claims jump to highest level in months as Trump economy teeters
Federal data released Thursday shows that the number of Americans filing for unemployment benefits surged last week, another indication of growing instability in President Donald Trump’s economy as corporations lay off workers en masse and prices continue to rise.For the week ending December 6, new ...
Associated Press News
US jobless benefit applications jump to 236,000, but continuing claims are lowest since April
The number of Americans applying for unemployment benefits jumped last week, but the total number of those collecting benefits fell to the lowest level in eight months.
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