US initial jobless claims dropped -8k to 198k in the week ending December 25, better than expectation of 205k. Four-week moving average of initial claims dropped -7k to 199k, lowest since October 25, 1969.
Continuing claims dropped -140k to 1716k in the week ending December 18, lowest since March 7, 2020. Four-week moving average of continuing claims dropped -60k to 1850k, lowest since March 14, 2020.
