#USJoblessClaimsFall ✅

US jobless claims have indeed fallen, with initial claims for state unemployment benefits 😲 dropping by 22,000 to a seasonally adjusted 220,000 for the week ended December 14 ¹ ². This decrease was unexpected, as economists had forecasted 230,000 applications ². The four-week moving average, considered a more reliable measure of labor market trends, also declined ³.

In comparison to the previous year, the number of initial jobless claims is lower, with 241,040 initial claims reported in the comparable week in 2023 ⁴. Continuing jobless claims have also decreased, falling to 1,874,000 in the week ending December 7, 2024 ⁵.

These numbers indicate a stable labor market, with subdued new filings and a declining number of continuing claims.