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US initial jobless claims rose back to 204k, continuing claims dropped to 1.85m

US initial jobless claims rose 18k to 206k in the week ending December 11, above expectation of 192k. Four-week moving average of initial claims dropped -16k to 204k, lowest level since November 15, 1969.

Continuing claims dropped -154k to 1845k in the week ending December 4, lowest since March 14, 2020. Four-week moving average of continuing claims dropped -66k to 1963k, lowest since March 14, 2020 too.

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