The US Initial Jobless Claims Decrease More Than Expected

BlockBeats News, December 19th. The number of initial jobless claims in the United States last week decreased more than expected, in line with the gradual cooling of the labor market. The U.S. Department of Labor announced on Thursday that for the week ending December 14th, the number of initial jobless claims decreased by 22,000 people to a seasonally adjusted 220,000 people (compared to the Reuters survey of 230,000 people). Initial jobless claims have entered a period of volatility, which may make it difficult for people to have a clear understanding of the labor market. A series of indicators, including the number of people claiming unemployment benefits and job vacancies, suggest that the employment situation is much looser than before the COVID-19 pandemic, but the labor market is experiencing a gradual slowdown in an orderly manner. (FXStreet)