Jobs
US Jobless Claims Unexpectedly Drop to Lowest Since September
- Applications fell to 211,000; economists anticipated 232,000
- Continuing claims were little changed at 1.67 million
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Applications for US unemployment benefits fell last week to the lowest since September, another sign of resiliency in the labor market amid a weakening economy.
Initial unemployment claims decreased by 20,000 to 211,000 in the week ended Dec. 10, Labor Department data showed Thursday. The number was below all estimates in a Bloomberg survey. The median forecast was for a 232,000 advance.