US Jobless Claims Plummet To New Half-Century Low

Jobless claims dove again in the week to December 4, hitting a 52-year low for the second time in three weeks. 184,000 Americans filed for unemployment benefits during the period, 36,000 fewer than expected and 43,000 less than the prior week's upwardly-revised level. Initial claims now sit at the lowest since September 6, 1969 (figure below). The four-week moving average fell to just 218,750. That was the lowest since March 7, 2020. The range of estimates was 160,000 to 321,000. So, in co

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One thought on “US Jobless Claims Plummet To New Half-Century Low”

Employers are hoarding employees. Would be curious about hours worked. The more I think about all this data the murkier it becomes. The economy is clearly going through a major structural shift for the third time in 22 years.