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Jobless claims continue to fall

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Jobless claims continue to fall

Analysts had expected an increase.

The Labor Department today reported that seasonally-adjusted initial claims for unemployment insurance for the week ended December 13 were 289,000, a decrease of 6,000 from the previous week's revised figure.

Analysts had expected an increase to 295,000.

The 4-week moving average, which smoothes out volatility to a certain extent, increased 750 to 298,750.

The 4-week moving average has remained below 300,000 for 14 straight weeks, suggesting continued improvement in the labor markets.

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