Jobless Claims Less Than Expected as Labor Market Returns to Pre-Pandemic Self

Jobless claims for the week ended Nov. 27 totaled 222,000 vs. the Dow Jones estimate of 240,000.

That was higher than the 194,000 from the previous week, which was the lowest total since 1969.

Continuing claims dropped below 2 million for the first time since the early days of the pandemic.