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US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high

  • The number of Americans applying for unemployment benefits fell slightly by 1,000 to 219,000 for the week ending December 21, as reported by the U.S. Department of Labor.
  • Continuing claims rose by 46,000 to 1.91 million for the week ending December 14, marking the highest level in three years.
  • The rise in continuing claims indicates that some individuals receiving benefits are struggling to find new jobs.
  • Weekly applications for jobless benefits reflect U.S. Layoffs.
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