Jobless Claims Rise Less Than Expected, Labor Market Stable

U.S. Jobless Claims Rise Less Than Expected

U.S. jobless claims rose to 208,000 for the week ending January 3rd, a smaller increase than anticipated, indicating continued stability in the labor market.

Productivity and Labor Costs

In Q3, productivity surged by 4.9%, while unit labor costs decreased, further demonstrating the labor market’s resilience amid inflationary pressures.