Initial Jobless Claims Rise to 368,000, Bucking Latest Trends
Recent jobs data has demonstrated the labor market's resilient return to strength, but the latest initial jobless claims numbers released Thursday paint a different story. Seasonally adjusted initial jobless claims increased 68,000 to 368,000 for the week ended Dec.7, 22% higher than a revised figure released a week earlier. The four-week moving average jumped 6,000 to 328,750.The increase in new claims for government unemployment benefits has negated recent declines and is higher than expected.
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