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Jobless Claims Fall to 216,000, Showing Tight U.S. Labor Market

Submitted by jhartgen@abi.org on

U.S. filings for unemployment benefits decreased for the third time in four weeks, hovering near an almost five- decade low that reflects a robust job market, Bloomberg News reported. Jobless claims fell by 1,000 to 216,000 in the week ended Dec. 22, matching the median estimate in a Bloomberg survey of economists and following a revised reading of 217,000 for the prior week, Labor Department figures showed today. The four-week average, a less-volatile measure, fell to a six-week low.

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