U.S. Jobless Claims Fall to Lowest Level in 52 Years
By David Harrison
Worker filings for unemployment benefits hit the lowest level in
more than half a century last week as a tight labor market keeps
Initial jobless claims, a proxy for layoffs, fell to 184,000 in
the week ended Dec. 4, the lowest level since September 1969, the
Labor Department said. That was close to a recent record total of
194,000 recorded in late November.
The prior week's level was revised up to 227,000. The four-week
moving average, which smooths out weekly volatility, fell to
Unemployment claims have been steadily falling all year as the
labor market has tightened. They have now fallen below where they
were before the pandemic caused layoffs to surge in March 2020.
Claims averaged 218,000 in 2019, the year before the pandemic hit
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(END) Dow Jones Newswires
December 09, 2021 09:01 ET (14:01 GMT)
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