Market Updates
Weekly Jobless Claims Drops to 2-month Low
Brian Turner
15 Dec, 2022
New York City
Initial claims of weekly jobless benefits decreased 20,000 to 211,000 in the week ending December 10.
The new claims were lower than the market expectations of 230,000 and dropped to the low last seen in September.
The four-week moving average eased 3,000 to 227,250 and continuing jobless claims increased 1,000 to 1.671 million in the week ending December 3rd.
The largest increases in initial claims for the week ending December 3 were in California (15,306), New York (8,777), Texas (8,639), Georgia (7,806), and Illinois (5,083).
Connecticut was the only state registering a decline and claims fell 139.
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