Economy from Investopedia.com, written by Terry Lance on Dec 28,2023 https://www.investopedia.com/initial-unemployment-claims-higher-than-expected-8420574
- Initial claims for unemployment insurance came in higher than expected at 218,000 for the week ending Saturday. It’s 3,000 above what economists were expecting and above the 206,000 initial jobless claims reported last week.
- The four-week moving average, a less-volatile metric preferred by some economists, was at 212,000, marginally lower than the prior week.
- The figures come as economists await the data from next week’s jobs report to see if the labor market continues to remain hot.