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Initial Claims Four Week Average Nears Lowest Readings Of 2023

US DATA
  • Initial jobless claims surprisingly fell to a seasonally adjusted 202k (cons 216k) in the week to Dec 30 after a slightly upward revised 220k (initial 218k).
  • The four-week moving average fell 5k to 207k, its lowest since mid-Oct and before that February.
  • For context, initial claims averaged 218k in 2019 and saw a low that year of 197k.
  • Continuing claims were also lower than expected, falling to 1855k (cons 1881k) in the week to Dec 23 from an upward revised 1886k (initial 1875k).
  • Continuing claims remain elevated by the past year's standards on a seasonally adjusted basis.

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