Jobless Claims Fall by Higher than Expected 43,000 to Mark the Lowest Since 1969

Source: Department of Labor

US jobless claims were 184,000 in the week that ended December 4, down 43,000 from the previous week and below the estimated 215,000. The claims have been at the lowest since September 1969. DXY is up +0.23%, SPY is down -0.15%.

• On a four-week moving average, US jobless claims fell by 21,250 to 218,750. The claims were at the lowest since March 7, 2020.
• Continuing claims rose by 38,000 to 1.992 million. The continuing claims on a four-week average were 2.0275 million, down by 54,250. 
• Under various state programs, the initial claims totaled 280,665, up 29.3% or 63,680. The increase was a lower than expected gain of 48.9% or 106,047.
• Jobless claims rose the highest in North Carolina, Wisconsin, Ohio, Connecticut, and Idaho. The claims fell the highest in Virginia, California, Texas, Michigan, and New Jersey.