Weekly US jobless claims dip, secondary filings move further below 2.0m

Reuters

Reuters

Applications for unemployment benefits in the USA declined to a five-week low, consistent with a resilient labour market, Labor Department figures showed Thursday.

Initial jobless claims, a proxy for layoffs across the US, fell by 2,000 to a seasonally adjusted 236,000 in the week ended December 2, the Labor Department said Thursday.

Initial jobless claims dipped last week alongside a moderate drop in those filed for a second time, a positive signal for the pace of job growth.

The four-week moving average of continuing claims still inched up to 1,912,750, an increase of 1,000 from the previous week's revised average of 1,911,750.

Despite this week's rosy claims number, claims-taking procedures in recently hurricane-ravaged Puerto Rico and the U.S. Virgin Islands remains disrupted, meaning the overall claims figure could be higher.

On Friday, the Labor Department is scheduled to release its closely watched report on the employment situation in month of November. The unemployment rate is expected to hold at 4.1%.

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