The U.S. Department of Labor has released the latest report on weekly jobless claims. Initial claims came in at 294,000, compared to both the Wall Street Journal and Bloomberg consensus estimates of 290,000. The previous reading remained unrevised to 298,000 claims.
The four-week moving average came in at 290,500, which dropped only 250 from the previous reading of 290,750 claims. The number of claims fell below the 300,000 level in late July and has consistently remained there since. This is the longest that the four-week moving average has remained below the 300,000 level since 2000.
The Labor Department said that no special factors had an impact on this past week’s reported initial jobless claims.
Continuing claims, which are reported with a one-week lag, increased by 101,000 to 2.5 million for the week that ended December 27.
In the Labor Department’s monthly jobs report, job creation is seemingly on the right track for recording its best year since 1999.
ALSO READ: What to Expect From Labor Department’s Unemployment and Payrolls This Week
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
