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U.S. Jobless Claims drop 8K, Reach Lowest Moving Average Since 1969 -Breaking

by Mike Robinson

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Daniel Shvartsman

According to Investing.com, the U.S. population was 198,000 in the week ended December 25th. This is a decrease of 8,000 over the previous week. According to the Department of Labor, 1,000 points were added to the figure for previous weeks. It was the lowest 4-week average since Oct 25th 1969 at 199,250.

The report comes amid a vibrant job market in America and US labor shortages, which are both part of the current economic crisis. The Federal Reserve has shifted to a more hawkish position at their December meeting. This report does not change their acceleration of tapering or the three rate increases for 2022.

The, which was taken by U.S. stock market took place with indexes point towards a higher open. They were up.15% and were followed by the. This is after record holiday highs last week and peaceful trading.

 

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