Jobless claims in the US rise to 885,000

In the week ending December 12, the number of first time unemployment benefit filers totaled 885,000. This has been the highest number since early September. Initial claims were expected to fall to 808,000 by Economists polled by Dow Jones. Stifel’s Lindsey Piegza claimed that the fragility of the labor market was clearly indicated via these numbers.

Jobless claims in the US rise to 885,000

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