🇺🇸 U.S. Jobless Claims Drop to Lowest Since Late November
New data from the Labor Department reveals that initial jobless claims dropped to 199,000 for the week ending December 27, outperforming analyst predictions. While continuing claims also declined and layoffs remain at historic lows, some economists warn that holiday seasonal shifts may be skewing the data.
Despite a conservative hiring forecast of 75,000 new jobs for December, financial markets responded positively with gains in both stocks and the U.S. dollar.
