Jobless claims were released on Thursday. This week, there was a jump with 853,000 Americans filed for first-time jobless benefits for the week ended Dec. 5. Analysts had been expecting claims of 712,000, according to FactSet. Last week, 716,000 claims were filed the week prior.
Continuing claims, which are the number of people not just filing but staying on unemployment benefits, came in at 5.757 million for the week ended Nov. 28, down from an upwardly revised 5.527 million the previous week, the Labor Department said.
Economists noted that the weekly numbers were higher in part due to the Thanksgiving holiday, which only recorded a partial week of claims across states.
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