U.S. jobless claims jumped to the highest level since mid-June, the government said Thursday (Dec. 22)
The Labor Department said jobless claims in the week ending Dec. 17 rose a seasonally adjusted 21,000 to 275,000. Economists polled by MarketWatch expected claims of 258,000.
The four-week average of claims – a less volatile indicator – rose by 6,000 to 263,750.
Even with the increase, this marks 94 consecutive weeks of initial claims below 300,000 – the longest streak since 1970, according to Marketwatch.
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