U.S. Unemployment Claims Almost Flat Week-to-week, Near Historic Lows – Bloomberg

U.S. unemployment claims last week were little changed from the previous week. It remains near historic lows, highlighting the reluctance of companies to cut jobs in a tight labor market.

Key Point
Initial jobless claims for the week ending Dec. 17 increased by 2,000 from the previous week to 216,000 The median economist estimate is 222,000. The previous week was revised to 214,000 (preliminary figure was 211,000). Number of continuing unemployment insurance beneficiaries (week ending 10 Dec) drops to 1.672 million Decrease since week ending Oct. 1 Market forecast is 1,675,000

The four-week moving average of more stable unemployment claims fell to a one-month low of 221,750. Seasonal adjustments are especially difficult around holidays.

The labor market is still very tight and, although there are signs of calming down, continued imbalances in labor supply and demand continue to put upward pressure on wages. Difficulties in attracting and retaining workers have made companies more reluctant to cut jobs.

By state, unseasonally adjusted unemployment claims declined in California, Indiana and Ohio.

See table for detailed statistics.

Original title:US Claims for Jobless Benefits Were Little Changed Last Week(excerpt)

(Add and update stats details)