Initial jobless claims move lower
- Initial jobless claims 211 vs 230K estimate. Prior week 230K revised to 231K
- four-week moving average of initial jobless claims 227.25 vs 230.25 last month
- continuing claims vs 1.671M estimate. Last week 1.671M revised to 1.670M
- four-week moving average of continuing claims 1.625M vs 1.582M last week
- The largest increases in initial claims for the week ending December 3 were in California (+15,306), New York (+8,777), Texas (+8,639), Georgia (+7,806), and Illinois (+5,083),
- While the only decrease was in Connecticut (-139).
No weakening in the initial jobless claims as the number moves back to the downside