Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Weekly Jobless Claims Fall to 265,000

Fewer people applied for unemployment benefits the week before Christmas, a sign that the U.S. job market continues to be strong. The Labor Department reported Thursday that the number of seasonally-adjusted initial claims the week ending December 24 was 265,000, a decrease of 10,000 from the week before.

(CN) - Fewer people applied for unemployment benefits the week before Christmas, a sign that the U.S. job market continues to be strong.

The Labor Department reported Thursday that the number of seasonally-adjusted initial claims the week ending December 24 was 265,000, a decrease of 10,000 from the week before.

This marks 95 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The four-week moving average was 263,000, a decrease of 750 from the previous week's unrevised average of 263,750.

As 2016 comes to a close, the government reports that U.S. employers have added 2.25 million jobs over the past 12 months. During the same period, the number of people collecting benefits has fallen almost 5 percent, to 2.1 million.

In November, the unemployment rate fell to a nine-year low of 4.6 percent.

Categories / Employment

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...