Initial claims remain at remarkably low levels associated with a tight labor market. In turn, a tight labor market will remain associated with more Fed tightening.
Initial jobless claims for the week ending December 17 increased by 2,000 to 216,000 (consensus 225,000).
The four-week moving average for initial claims decreased by 6,250 to 221,750.
Continuing jobless claims for the week ending December 10 decreased by 6,000 to 1.672 million.
The four-week moving average for continuing claims increased by 30,250 to 1,657,250.
The total number of continued weeks claimed for benefits in all programs for the week ending December 3 was 1,537,044, a decrease of 49,110 from the previous week. In the same week a year ago, there were 2,138,003 weekly claims filed for benefits in all programs.