The number of initial jobless claims in the United States unexpectedly fell to an eight-month low, indicating resilience in the labor market
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The number of initial jobless claims in the U.S. for the week ending December 28 fell to 211,000, lower than the expected 222,000, marking an eight-month low. The number of continuing jobless claims also decreased to 1.844 million, indicating a small scale of layoffs in the labor market and maintaining resilience. Federal Reserve Chairman Jerome Powell stated that the labor market is solid, and despite a slowdown in the job market, it remains overall stable. The four-week average of initial jobless claims is 223,250, reflecting data fluctuations during the holiday period
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