Connect With PPD
Follow Us:
Economy

Jobless Claims Continue to Fall for Week Ending December 9

Jobless claims, an application for first-time unemployment benefits. (Photo: Reuters)

The Labor Department said jobless claims for the week ending December 9 fell unexpectedly by 11,000 to 225,000, easily beating the consensus forecast. Economists had expected initial claims to rise slightly to 239,000 from the previous week’s unrevised level was 236,000.

The 4-week moving average came in at 234,750, a decline of 6,750 from the previous week’s unrevised average of 241,500.

Claims taking procedures continue to be disrupted in the Virgin Islands. The claims taking process in Puerto Ricohas still not returned to normal.

The advance number for seasonally adjusted insured unemployment during the week ending December 2 was 1,886,000, a decline of 27,000 from the previous week’s revised level. That brought the seasonally adjusted insured unemployment rate down to a very low 1.3% for the week ending December 2, a 0.1% decline from the previous week’s unrevised rate.

The previous week’s level was revised up 5,000 from 1,908,000 to 1,913,000. The 4-week moving average was 1,918,500, an increase of 4,500 from the previous week’s revised average.The previous week’s average was revised up by 1,250 from 1,912,750 to 1,914,000.

Extended benefits were available in Alaska during the week ending November 25.

The highest insured unemployment rates in the week ending November 25 were in Puerto Rico (6.0), Alaska (3.9), the Virgin Islands (2.7), New Jersey (2.4), California (2.3), Montana (2.2), Connecticut (2.1), Pennsylvania (1.9), Massachusetts (1.8), Nevada (1.8), Washington (1.8), and West Virginia (1.8).

The largest increases in initial claims for the week ending December 2 were in California (+18,331), New York (+11,774), Texas (+8,862), Pennsylvania (+7,485), and Georgia (+6,368), while the largest decreases were in Vermont (-312), Nebraska (-211), Idaho (-96), and Oklahoma (-59).

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

3 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

3 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.