| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3887 Registered: 05-2011 Rating: N/A |
Initial claims running at pre-pandemic levels (which is good) Initial claims for the week ending January 1 increased by 7,000 to 207,000 and continuing claims for the week ending December 25 increased by 36,000 to 1.754 million. The key takeaway is that the latest data didn't disrupt the idea that the labor market is tight and that initial claims are running at pre-pandemic levels, which at the time were thought to be quite low. The four-week moving average for initial claims increased by 4,750 to 204,500. The four-week moving average for continuing claims decreased by 61,250 to 1,798,750. That is the lowest level for this average since March 14, 2020. The total number of continued weeks claimed for benefits in all programs for the week ending December 18 was 1,722,352, a decrease of 199,869 from the previous week. In the same week a year ago, there were 20,155,922 weekly claims filed for benefits in all programs. |