Weekly US initial jobless claims
- jobless claims for the current week 214K vs 215K estimate. Prior week 206K
- four-week moving average 222K vs 224.75K last week
- continuing claims 1688K vs 1663K estimate. Prior week 1661K
- The largest increases in initial claims for the week ending December 8 were in Massachusetts (+458), Colorado (+439), Idaho (+419), Nebraska (+281), and South Dakota (+133),
- The largest decreases were in Pennsylvania (-10,609), New York (-8,993), California (-7,654), Georgia (-3,759), and Illinois (-3,189).
The tumble lower tested the all-time low. The rise this week is still somewhat modest and below the 4-week MA. Employment remains buoyant (but it is a lagging indicator).
