Posted 1/4/2024, 1:55:50 PM
Jobless Claims Drop to 202,000, Showing Labor Market Resilience Despite Rising Rates
- Applications for jobless benefits fell last week, showing continued labor market resilience despite higher interest rates
- Jobless claims dropped to 202,000 for the week ending Dec. 30, down 18,000 from previous week
- Four-week average of claims fell to 207,750, showing reduced volatility
- Number of Americans collecting jobless benefits was 1.86 million for week ending Dec. 23, the fewest in two months
- Job openings remain at historically strong levels, though down slightly from October to 8.8 million in November