New claims fell by 9,000 to 211,000 in the week ended December 28, lower than all but one estimate in a Bloomberg survey. Meanwhile, continuing applications, a proxy for the number of people receiving benefits, also fell, to a three-month low of 1.84 million in the week ended December 21, according to Labor Department data released Thursday.The current levels for initial claims are subdued and consistent with a job market where firms are generally holding onto their workers.The US labor market is ending the year in what Federal Reserve Chair Jerome Powell described this month as a "solid shape."A spike in the unemployment rate over the summer had raised alarms, prompting policymakers to cut interest rates by a half-percentage point in September to help support employment. More recent data have pointed to a labor market that is moderating but remains broadly solid. It is cooling, but not in a way that would raise concerns, Powell said at a press briefing.

US Jobless Claims Fall to Eight-Month Low

921,3075,835,208,3125,4822

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.