Jobless Claims in the US , Reach Lowest Level , Since September.<br />Last week, applications for unemployment <br />benefits in the United States fell to reach <br />the lowest level since September. .<br />'Bloomberg' reports that the drop shows <br />another glimpse of resiliency in the U.S. <br />labor market despite a weakening economy. .<br />The week ending December 10, initial <br />unemployment claims fell by 20,000 to reach <br />211,000, according to Labor Department data.<br />That number fell below economists' <br />estimates in a 'Bloomberg' survey. .<br />Economists' median forecast for <br />the week was a climb to 232,000. .<br />Meanwhile, continuing claims were in line with <br />expectations, with 1.67 million people continuing <br />to receive benefits for a week or more. .<br />According to economists, this <br />measure can better indicate how <br />hard it is for people to find work.<br />'Bloomberg' reports that data <br />can be choppy when compared <br />week-over-week, particularly <br />around the holidays.<br />According to the latest four-week moving average, <br />some of the volatility from around Thanksgiving has <br />been smoothed out, as it dropped from 3,000 to 227,000.<br />Despite the Federal Reserve's aggressive efforts to cool the economy and tame record-high inflation, the U.S. labor market has remained largely resilient. .<br />Despite the Federal Reserve's aggressive efforts to cool the economy and tame record-high inflation, the U.S. labor market has remained largely resilient. .<br />'Bloomberg' reports that hiring <br />has continued to be robust across many sectors, <br />with many workers seeing rapid wage gains.<br />'Bloomberg' reports that hiring <br />has continued to be robust across many sectors, <br />with many workers seeing rapid wage gains
