US weekly initial jobless claims 211K vs 222K expected

  • Weekly initial jobless claims from the US Department of Labor
Initial claims
  • Prior week 220K
  • 4-week moving average 223.25K vs 226.5 prior
  • Continuing claims 1.844M vs 1.890M expected
  • Prior week continuing claims 1.910M

At this time of year, it's not a good idea to make any conclusions about the economy based on initial jobless claims. There are some heavy seasonal adjustments around the holidays.

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