Economic Buzz: US Weekly Jobless Claims Edge Slightly Higher

9 Dec 2022 , 08:18 AM

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended December 3rd, according to a report released by the Labor Department. The report said initial jobless claims crept up to 230,000, an increase of 4,000 from the previous weeks revised level of 226,000. The Labor Department said the less volatile four-week moving average also ticked up to 230,000, an increase of 1,000 from the previous weeks revised average of 229,000. Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also climbed by 62,000 to 1.671 million in the week ended November 26th. The four-week moving average of continuing claims also rose to 1,582,250, an increase of 43,250 from the previous weeks revised average of 1,539,000.Powered by Commodity Insights