Unexpected rise in initial applications data in the United States
On December 12, the number of people in the United States applying for unemployment benefits unexpectedly rose last week, and the number of people receiving unemployment benefits at the end of November continued to increase from the beginning of the year due to a cooling labor demand. The U.S. Department of Labor announced on Thursday that as of the week ending December 7, initial claims for unemployment benefits increased by 17,000 to an adjusted figure of 242,000 after seasonal factors were taken into account. Economists had previously predicted that only 220,000 would apply for unemployment benefits last week. The surge in initial jobless claims last week may reflect fluctuations following Thanksgiving holiday and does not necessarily signify a sudden change in employment market conditions. In coming weeks, numbers for initial jobless claims could continue fluctuating which might make clear interpretation about employment market difficult.
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