Jobless Claims Decreased Last Week

Core Insights - The Labor Department reported that new unemployment claims for the week ending December 27 totaled 199,000, a decrease from 215,000 the previous week [1] - Economists had predicted that claims would rise to 220,000, indicating a better-than-expected labor market performance [1] Summary by Category Unemployment Claims - New unemployment claims decreased to 199,000 from 215,000 in the prior week [1] - The decline in claims suggests a strengthening labor market, contrary to economists' forecasts [1] - The actual claims were significantly lower than the anticipated 220,000, highlighting a positive trend in employment [1]