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U.S. weekly jobless claims inched up, indicating a modest recovery as the year concludes. Recent positive data, including retail sales, suggests economic momentum.

The number of Americans filing new claims for unemployment benefits rose marginally last week, the latest suggestion that the economy was regaining some momentum as the year winds down. The smaller-than-expected increase in weekly jobless claims reported by the Labor Department on Thursday followed recent data showing retail sales unexpectedly rising in November, while single-family housing starts and building permits scaled 1-1/2-year highs. The economy had appeared in danger of stalling at the start of the quarter.

U.S. consumer confidence increased to a five-month high in December, with Americans growing more optimistic about current and future business conditions as well as the labor market, which could help... -December 20, 2023 at 12:30 pm EST - MarketScreener

WASHINGTON (Reuters) -U.S. consumer confidence increased to a five-month high in December, with Americans growing more optimistic about current and future business conditions as well as the labor market, which could help to underpin the economy early next year. Consumers' perceptions of a probable recession over the next 12 months were the lowest for the year, though two-thirds still viewed a downturn as possible in 2024.