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184,000 First-Time Jobless Claims In The U.S. Hit A 52-Year Low


The U.S. Department of Labor announced on December 9 that after seasonal adjustments, for the week ending December 4, the number of people applying for unemployment benefits for the first time decreased by 43,000 from the revised value of the previous week (up to 5,000) to 184,000, a record of 1969. It is a 52-year low since the week of September 6 (182,000 people), compared with the average of 218,000 people in 2019 before the epidemic. As of the week of December 4, the 4-week moving average of the number of people who applied for unemployment benefits for the first time decreased by 21,250 to 218,750 from the previous week's revised value, which was the lowest since the week of March 7, 2020 (215,250). As of the week ending November 27, the seasonally adjusted insurance unemployment rate increased by 0.1 percentage point from the previous week to 1.5%. As of the week ending November 27, after seasonal adjustments, the number of consecutive applications for unemployment benefits increased by 38,000 to 1,992,000 from the revised value of the previous week. The 4-week moving average of the number of consecutive applications for unemployment benefits in the current week decreased by 54,250 to 2,027,500 from the revised value of the previous week, a record low since the week of March 14, 2020 (1,730,750).


Source: MoneyDJ.com 
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