US Weekly Initial Jobless Claims Drift Lower in the Week Ending December 21
Unemployment Insurance Weekly Claims
On December 26, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 219,000 during the week ending Saturday, December 21. This is a decrease of 1,000 from the previous week’s unrevised level of 220,000. The 4-week moving average was 226,500—an increase of 1,000 from the previous week’s unrevised level of 225,500.
The advance number for seasonally adjusted insured unemployment during the week ending December 14 was 1,910,000. This is an increase of 46,000 from the previous week’s revised total of 1,864,000 (originally 1,874,000). This is the highest level for insured unemployment since November 13, 2021, when it was 1,974,000. The 4-week moving average was 1,881,000—an increase of 3,250 from the previous week’s revised total of 1,877,750 (originally 1,880,250).
The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending December 14, 2024, an increase of 0.1 percentage point from the previous week’s unrevised rate.
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