Last week, the number of initial jobless claims in the US fell to one of the lowest levels this year, highlighting the volatility of this data during the holidays. According to data released by the US Department of Labor on Wednesday, the number of initial jobless claims fell by 16,000 to 199,000 in the week ending December 27, lower than the 220,000 estimated by economists. Recent data has been unstable, which is typical during the holidays. The latest statistics cycle covers Christmas and the newly established federal holidays of December 24 and 26. Furthermore, the number of renewed jobless claims fell to 1.87 million in the previous week.

Last week, the number of initial jobless claims in the US fell to one of the lowest levels this year, highlighting the volatility of this data during the holidays. According to data released by the US Department of Labor on Wednesday, the number of initial jobless claims fell by 16,000 to 199,000 in the week ending December 27, lower than the 220,000 estimated by economists. Recent data has been unstable, which is typical during the holidays. The latest statistics cycle covers Christmas and the newly established federal holidays of December 24 and 26. Furthermore, the number of renewed jobless claims fell to 1.87 million in the previous week.