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Thu Dec 17, 2015, 03:59 PM

US weekly jobless claims total 271,000 vs 275,000 estimate

Source: CNBC

The number of Americans filing for unemployment benefits last week fell from a five-month high, suggesting sustained labor market healing that could lead to further Federal Reserve interest rate hikes next year.


Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 271,000 for the week ended Dec. 12, the Labor Department said on Thursday. The prior week's claims were unrevised.

It was the 41st straight week that claims remained below 300,000, a threshold associated with strong labor market conditions. That is the longest such run since the early 1970s.


Read more: http://www.cnbc.com/2015/12/17/us-weekly-jobless-claims-dec-12-2015.html



Have I missed this today? Apologies if duplicated. Decent but not earth shattering stable news from the DOL today. Only the length of the sub-300k threshold string is all that noteworthy.

Remember these are INITIAL claims, a proxy for layoffs, and are not in any way affected by benefit expiry etc. They are reported by the DOL, of which the BLS, which provides UE data, is a distinct and separate reporting agency.

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