Saturday, October 23, 2021
85.3 F
Fort Worth

Jobless claims decline for a third week in last four

🕐 1 min read

Filings for U.S. unemployment benefits fell for a third week in the last four, showing a resilient labor market.

Jobless claims declined by 10,000 to 265,000 in the week ended Dec. 24 from a six-month high in the prior period, a Labor Department report showed Thursday. The number of applications matched the Bloomberg survey’s median forecast. Claims were estimated for nine states and Puerto Rico.

The data tend to fluctuate around the year-end holidays, while the trend reveals managers’ reluctance to fire workers as demand remains steady and the pool of available labor dwindles. Filings have been below 300,000 for 95 straight weeks — the longest streak since 1970 and a level economists say is typical for a healthy labor market.

Estimates in the Bloomberg survey ranged from 250,000 to 275,000.

While there was nothing unusual in the data, Ohio, Tennessee and Massachusetts were among states whose applications were estimated in the week leading up to the Christmas holiday, according to the Labor Department.

The four-week average of claims, a less-volatile measure than the weekly figure, fell to 263,000 from 263,750 the prior week.

The number of people continuing to receive jobless benefits climbed by 63,000 to 2.1 million in the week ended Dec. 17, the highest since Sept. 10. The unemployment rate among people eligible for benefits held at 1.5 percent. These data are reported with a one-week lag.

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate