First-time claims for U.S. unemployment benefits showed a significant pullback in the week ended December 19th, the Labor Department revealed in a report released on Wednesday.
The report said initial jobless claims slid to 803,000, a decrease of 89,000 from the previous week's revised level of 892,000.
Economists had expected jobless claims to come in unchanged compared to the 885,000 originally reported for the previous week.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.