Weekly Jobless Claims Drop To 52-Year Low And Hit 198,000
Weekly jobless claims in the U.S. totaled 198,000 for the week ended December 25, the lowest in 52 years, according to the Labor Department. This is below Dow Jones’ forecast of 205,000 and 8,000 fewer than the period before. Q3 2021 hedge fund letters, conferences and more Weekly Jobless ClaimsCNBC reports that “When adjusting for weekly volatility, the four-week moving average for claims came to 199,250, the lowest level since Oct. 25, 1969.” Meanwhile, continuing claims followed a similar trend after plunging by 140,000 to 1.72 million, and hitting a new low since March 7 last year —days be...