In data for the last week of December, continuing claims showed improvement, down 35,000 to 1.867 million which is a new 44-year low. The unemployment rate for insured workers is down 1 tenth to 1.3 percent.
Initial claims, aside from hurricane distortions in September and October, were remarkably steady and favorable throughout last year which makes the gain in the first week of this year stand out. Next week's initial claims data will be very closely watched and will track the sample week of the January employment report.
Recent History Of This Indicator:
Initial claims are expected to come in at 245,000 in the January 6 week vs 250,000 in the prior week. Claims have been very low and favorable and consistent with very strong demand for labor.
Initial claims are expected to come in at 245,000 in the January 6 week vs 250,000 in the prior week. Claims have been very low and favorable and consistent with very strong demand for labor.
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