Initial Jobless Claims (week ending Jan 3)
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Initial claims: 208K, +8K vs last week (prior week revised up to 200K)
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Weekly revision: Last week revised +1K (199K → 200K)
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4-week moving average: 211.8K, -7.3K vs prior week
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Notable: Lowest 4-week average since April 27, 2024, reinforcing underlying labor-market firmness
Continuing Jobless Claims (week ending Dec 27)
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Continuing claims: 1.914M, +56K vs last week (prior week revised down to 1.858M)
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Weekly revision: Last week revised -8K (1.866M → 1.858M)
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Insured unemployment rate: 1.2%, unchanged vs last week
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4-week moving average: 1.893M, +21K vs prior week
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Trend: Gradual upward drift in continuing claims, but no sign of sharp labor-market deterioration
Bottom-line takeaway
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Initial claims remain low and stable, with the 4-week average falling to cycle lows, signaling limited new layoffs.
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Continuing claims are edging higher, suggesting slightly longer unemployment durations, but levels remain historically contained—consistent with a cooling, not cracking, labor market.
Initial jobless claims track the weekly number of Americans filing for unemployment benefits for the first time and are one of the most timely indicators of U.S. labor-market health and overall economic momentum. Rising claims can signal increasing job losses and a slowing economy, while declining claims suggest that hiring is outpacing layoffs, pointing to underlying economic strength. Released every Thursday by the U.S
