"Wednesday's numbers mark the final full week of unemployment data for 2025. Jobless claims for the week ending on December 27 fell by 16,000 to 199,000. That was an improvement from the previous week, when the Labor Department recorded 215,000 jobless claims. Its report also showed that the four-week average of jobless claims, which evens out some of the week-to-week volatility, rose by 1,750 to 218,750."
"The US unemployment rate reached a peak of 4.6 percent in November, the highest percentage since 2021, when the country was grappling with the ravages of the COVID-19 pandemic. The increase has largely been attributed to many federal employees leaving the workforce in the wake of Trump's widespread cuts to government staffing. Jobless claims are viewed as a proxy for layoffs and offer a real-time indicator of the health of the country's job market."
Weekly initial unemployment claims for the week ending December 27 fell by 16,000 to 199,000, an improvement from 215,000 the prior week. The four-week average of claims rose to 218,750, smoothing some volatility. November unemployment reached 4.6 percent, the highest since 2021, largely linked to federal employees leaving after widespread government staffing cuts under Trump. Analysts tie year-long labor weakness partly to hiring hesitancy from tariff policy. Year-end holiday effects may have reduced filings during the last week. Job creation has slowed to about 35,000 monthly since March, while GDP and other indicators remained strong.
Read at www.aljazeera.com
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