Initial jobless claims rose to 250,000 in the week ended Dec. 30, the Labor Department said Thursday.
The claims figure for the week ended Dec. 23 was revised to 247,000 from the originally reported 245,000.
Continuing jobless claims were 1.914 million in the week ended Dec. 23, down from 1.951 million the week before.
IFR Markets expected 240,000 initial claims.
The four-week average of initial claims was up 3,500 in the week ended Dec. 30 to 241,750.
The Lone Star State is expected to add 225,000 jobs in 2025, down from 244,000 last year, according to the Dallas Federal Reserve's annual forecast.
Yields have fallen over the past few weeks, so "any decent excuse that rates move up a little bit after that big rally" may have occurred as the market digested the report — which was a "little bit of a mixed bag" — after the initial headline figure, said Jeff MacDonald, EVP and head of fixed income at Fiduciary Trust International.
A state board moved toward instituting salary-based employee premium health insurance payment system as a way to avoid a looming $1.3 billion deficit in the government's health plan budget.
Texas Sen. John Cornyn remains a supporter of private activity bonds, his staff told BDA.
Southern California Edison reveals more about its potential liability in two Los Angeles fires.
Both houses of the Virginia state government have advanced budget bills that include rebates to taxpayers from surpluses fattened by federal funding and robust tax collections, a trend that concerns policy experts.
