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    Home ยป US Jobless Claims Remain Steady Below Pre-Pandemic Level
    Uncategorized Updated:December 24, 2021

    US Jobless Claims Remain Steady Below Pre-Pandemic Level

    December 23, 20211 Min Read
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    Unemployment. Massive job loss. Magnifying glass over unemployment report. Red villages symbolize turn in labor market. Graph shows a decrease in jobs.
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    The number of Americans filing new unemployment insurance claims held below pre-pandemic levels last week as consumer spending increased solidly.

    • Meanwhile, price pressures continued to expand, with a measure of underlying inflation posting its largest annual increase since the 1980s in November.
    • Initial claims for state unemployment benefits remained the same at a seasonally adjusted 205,000 for the week ended Dec. 18. Early this month, claims fell to a low level since 1969.
    • Applications normally increase during the winter months, but a massive shortage of workers has disrupted the seasonal trend, resulting in lower seasonally adjusted claims figures in recent weeks.

    There were a record-high 11 million job openings at the end of October. Higher wages as employers struggle for the limited supply of workers is helping to boost consumer spending.

    DXY up +0.09%, EUR USD down -0.22%Source: US Department of Labor

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