Benzinga

España
Italia
대한민국
日本
Français
Benzinga Edge
Benzinga Research
Benzinga Pro

  • Get Benzinga Pro
  • Data & APIs
  • Events
  • Premarket
  • Advertise
Contribute
España
Italia
대한민국
日本
Français

Benzinga

  • Premium Services
  • Financial News
    Latest
    Earnings
    Guidance
    Dividends
    M&A
    Buybacks
    Interviews
    Management
    Offerings
    IPOs
    Insider Trades
    Biotech/FDA
    Politics
    Healthcare
    Small-Cap
  • Markets
    Pre-Market
    After Hours
    Movers
    ETFs
    Options
    Cryptocurrency
    Commodities
    Bonds
    Futures
    Mining
    Real Estate
    Volatility
  • Ratings
    Analyst Color
    Downgrades
    Upgrades
    Initiations
    Price Target
  • Investing Ideas
    Trade Ideas
    Long Ideas
    Short Ideas
    Technicals
    Analyst Ratings
    Analyst Color
    Latest Rumors
    Whisper Index
    Stock of the Day
    Best Stocks & ETFs
    Best Penny Stocks
    Best S&P 500 ETFs
    Best Swing Trade Stocks
    Best Blue Chip Stocks
    Best High-Volume Penny Stocks
    Best Small Cap ETFs
    Best Stocks to Day Trade
    Best REITs
  • Money
    Investing
    Cryptocurrency
    Mortgage
    Insurance
    Yield
    Personal Finance
    Forex
    Startup Investing
    Real Estate Investing
    Prop Trading
    Credit Cards
    Stock Brokers
Research
My Stocks
Tools
Free Benzinga Pro Trial
Calendars
Analyst Ratings Calendar
Conference Call Calendar
Dividend Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Unusual Options Activity Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Free Stock Reports
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Free Newsletter
Government Trades
Perfect Stock Portfolio
Easy Income Portfolio
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
Forex Profit Calculator
100x Options Profit Calculator
Screeners
Stock Screener
Top Momentum Stocks
Top Quality Stocks
Top Value Stocks
Top Growth Stocks
Compare Best Stocks
Best Momentum Stocks
Best Quality Stocks
Best Value Stocks
Best Growth Stocks
Connect With Us
facebookinstagramlinkedintwitteryoutubeblueskymastodon
About Benzinga
  • About Us
  • Careers
  • Advertise
  • Contact Us
Market Resources
  • Advanced Stock Screener Tools
  • Options Trading Chain Analysis
  • Comprehensive Earnings Calendar
  • Dividend Investor Calendar and Alerts
  • Economic Calendar and Market Events
  • IPO Calendar and New Listings
  • Market Outlook and Analysis
  • Wall Street Analyst Ratings and Targets
Trading Tools & Education
  • Benzinga Pro Trading Platform
  • Options Trading Strategies and News
  • Stock Market Trading Ideas and Analysis
  • Technical Analysis Charts and Indicators
  • Fundamental Analysis and Valuation
  • Day Trading Guides and Strategies
  • Live Investor Events
  • Pre-market Stock Analysis and News
  • Cryptocurrency Market Analysis and News
Ring the Bell

A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.

  • Terms & Conditions
  • Do Not Sell My Personal Data/Privacy Policy
  • Disclaimer
  • Service Status
  • Sitemap
© 2026 Benzinga | All Rights Reserved
December 8, 2022 2:39 PM 2 min read

New Unemployment Claims Jump, Marking The Longest Weekly Streak Since The Great Recession

by Aj Fabino Benzinga Staff Writer
Follow

The number of Americans submitting new claims for unemployment benefits grew marginally last week, marking the eighth straight week of flat or higher continuing jobless claims, the longest trend since the 2009 financial crisis.

What Happened: For the week ending Dec. 3, initial claims for state unemployment benefits jumped 4,000 to a seasonally adjusted 230,000, according to Labor Department statistics released Thursday.

The boost last week was in line with economists' predictions. Claims were much below the 270,000 barrier, which experts say was negative for the job market.

In the week ending Nov. 26, continuing claims, which included individuals who previously received unemployment benefits for a week or longer, increased by 62,000 to 1.7 million.

Read Also: Top Economist El-Erian Urges Caution Over 'Short And Shallow' Recession Consensus Call

Despite the fact the weekly jobless claims report revealed unemployment rolls rose to a 10-month high in late November, experts advised against reading too much into the shift because of the data is unpredictable around the holiday season.

"It is too early to interpret higher continuing claims as a signal of a loosening labor market," said Isfar Munir, a Citigroup economist to Bloomberg. "The holiday time is generally not attractive to workers to start a new job, compounded by many firms temporarily closing during the holiday period."

Why It Matters: Economists have been paying closer attention to continuing claims in recent weeks because it serves as a measure of how difficult it is for people to obtain work after losing their job. It has also been known to foreshadow impending recessions.

Although the gauge steadily climbed over the previous two months, it remained around historic lows.

Unadjusted claims increased by 87,113 to 286,436 last week, led by big rises in California, New York, Georgia and Texas. Marked increases were also observed in Illinois, Pennsylvania, Indiana, Ohio, New Jersey and Washington state.

The unemployment rate for individuals receiving unemployment benefits rose to 1.2%, the most since March, from 1.1% the previous week, indicating that it was taking a little longer for those unemployed to find work.

Read Next: Author Says Economy Is Biggest Bubble In World History: 'God Have Mercy On Us All'

Photo: Vitalii Vodolazskyi via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.


Posted In:
Macro Economic EventsNewsEconomicsFederal ReserveMarketslaborUnemployment
Beat the Market With Our Free Pre-Market Newsletter
Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter
Comments
Loading...