Dec Jobless Claims 👍

US jobless claims fell to their lowest level in nearly a year, beating expectations, while continuing claims edged higher. The data suggests a labor market that's holding steady with modest hiring and firing activity.

• Initial jobless claims dropped by 10,000 to 214,000 for the week ending December 20th
• This came in below the expected 223,000
• Lowest reading since January 2024, except for the 192,000 during Thanksgiving week
• Continuing claims rose for a second week to 1.92 million
• Overall picture points to a stable labor market with low hiring and low firing trends