The low level of initial claims, decreased by 1,000 to 205,000 (consensus 210,000).
Shows the tight labor market keeping the Fed on edge about wage #inflation keeping overall inflation well above the Fed’s 2.0% target.
Initial jobless claims for the week ending January 7 decreased by 1,000 to 205,000 (consensus 210,000).
The four-week moving average for initial claims decreased by 1,750 to 212,500.
Continuing jobless claims for the week ending December 31 decreased by 63,000 to 1.634 million.
The four-week moving average for continuing claims decreased by 8,750 to 1,679,500.
The total number of continued weeks claimed for benefits in all programs for the week ending December 24 was 1,734,355, an increase of 132,576 from the previous week. In the same week a year ago, there were 2,093,144 weekly claims filed for benefits in all programs.