US jobless claims unchanged at 205,000

Unemployment claim form

Unemployment claim form

The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market’s strong recovery from the coronavirus recession last year.

Jobless claims were unchanged from the week before at 205,000.

The four-week average, which smooths out week-to-week ups and downs, rose to just over 206,000.

Altogether, 1.9 million Americans were collecting traditional unemployment aid the week that ended Dec. 11.

The weekly claims numbers, a proxy for layoffs, have fallen steadily most of the year.

Employers are reluctant to let workers go at a time when it’s so tough to find replacements.

Categories: National News