US Weekly Jobless Claims Decrease for the Week Ending December 10th

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 211,000 during the week ending on Saturday, December 10, 2022. This is a decrease of 20,000 from the previous week’s revised level of 231,000 (originally reported as 230,000). The 4-week moving average was 227,250—a decrease of 3,000 from the previously week’s revised level of 230,250 (originally reported as 230,000).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending December 3, 2022, was 1,671,000. This is an increase of 1,000 from the previous week’s revised level of 1,671,000 (originally reported as 1,670,000). The 4-week moving average was 1,625,250—an increase of 43,250 from the previous week’s revised level of 1,582,000 (originally reported as 1,582,250).

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending December 3, 2022, unchanged from the previous week’s unrevised rate.