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Jobless claims: Another 206,000 individuals filed new claims, rising from 52-year low

Economy And Jobs,Unemployment

From the Left

New weekly jobless claims ticked up slightly last week to hold near a 52-year low.

The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:

Initial jobless claims, week ended Dec. 11: 206,000 vs. 200,000 expected and an upwardly revised 188,000 during prior week

Continuing claims, week ended Dec. 4: 1.845 million vs. 1.943 million expected and an upwardly revised 1.999 million during prior week

First-time unemployment filings fell sharply to reach their lowest level since 1969 in early December, coming in below 190,000. And even with the latest move higher, the four-week moving average for new claims — which smooths out volatility in the weekly data – came in at the lowest level since November 1969, dropping by 16,000 week-over-week to reach 203,750. 

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