From Nasdaq: 2025-01-02 09:31:42

First-time claims for U.S. unemployment benefits unexpectedly dropped to 211,000, a decrease of 9,000 from the previous week. Economists had anticipated an increase to 222,000. Jobless claims are now at their lowest level since April 2019, indicating a strong labor market. The four-week moving average also decreased to 223,250. Continuing claims fell by 52,000 to 1.844 million, with the average dropping to 1,870,750. While challenges remain for unemployed workers, there is optimism due to the recent decline in continuing claims. The Federal Reserve may proceed with rate cuts at a more measured pace in 2020.



Read more at Nasdaq: U.S. Weekly Jobless Claims Unexpectedly Dip To Eight-Month Low