U.S. Weekly Unemployment Claims Fall to 9 Month Low

The number of new applications for unemployment benefits for the week ending December 3rd fell by 38,000 from the previous week to 381,000. This represents a nine-month low and beat forecasts of 395,000 new claims.

“The labor market is improving,” said Brian Jones, a senior U.S. economist at Societe Generale in New York. “The numbers are moving in the right direction. You have to be careful because we’re around the Thanksgiving holiday and the Department of Labor has a hard time adjusting around floating holidays.”

Source: Bloomberg

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.