US jobless benefit applications jump to 236,000, but continuing claims are lowest since April

New jobless claims in the U.S. saw a significant rise last week. However, the total number of Americans receiving unemployment benefits dropped to its lowest point in eight months. This indicates a mixed picture for the job market. The Labor Depar...

Agencies
US jobless benefit applications jump to 236,000, but continuing claims are lowest since April
The number of Americans applying for unemployment benefits jumped last week, but the total number of those collecting benefits fell to the lowest level in eight months.

U.S. jobless claim applications for the week ending Dec. 6 climbed by 44,000 to 236,000 from the previous week's 192,000, the Labor Department reported Thursday. That's more than analysts' forecast of 213,000.

The total number of Americans filing for jobless benefits for the previous week ending Nov. 29 fell by 99,000 to 1.84 million, the government said. That's the lowest level for continuing claims since mid-April.


Applications for unemployment aid are viewed as a proxy for layoffs and are close to a real-time indicator of the health of the job market.

The four-week average of claims, which evens out some of the week-to-week volatility, rose by 2,000 to 216,750.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Global Trends › US jobless benefit applications jump to 236,000, but continuing claims are lowest since April
Text Size:AAA
Success
This article has been saved

*

+