Jobless Claims Fall for Fourth Consecutive Week

extra extraThis year is shaping up to be a very good one! Here’s why: the Labor Department reported jobless claims totaling 280,000 for the week ending December 20. This is a decrease of 9,000 from the previous week’s level of 289,000.

This is also a lower number than economists surveyed by Bloomberg. Their original projection? 290,000! This marks the fourth consecutive week of a decline in unemployment claims.

Essentially, our job market has gotten stronger throughout the year and from the looks of it, it will end the year on a high note! The unemployment rate was 6.6 percent in January and in November it was 5.8 percent.

Gains in jobs have been consistently positive and even better, the majority of new jobs created since the latter part of 2011 have been full-time positions. Yeah!

Publish date: December 24, 2014 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT