#USJoblessClaimsDrop

US jobless claims dropped to 219,000 in the week ending December 21, 2024, marking a slight decrease from the previous week's 220,000 claims . This decline suggests that the labor market remains resilient, with layoffs contained. However, there's a mixed signal, as insured unemployment rose by 46,000 to 1.91 million, the highest level since November 2021.

This increase in insured unemployment indicates that people are taking longer to find new jobs, which could hint at a slowdown in hiring or challenges in job transitions. The four-week moving average of initial claims also rose by 1,000 to 226,500, reflecting modest upward pressure over the past month .

Despite this mixed signal, the overall trend suggests that the labor market is still stable, with minimal change in unadjusted claims compared to the same period in 2023 .$BNB