U.S. Jobless Claims Fell More Than Forecast

Dec. 26 (Bloomberg) -- U.S. initial jobless claims declined by 42,000, more than forecast, to 338,000 in the week ended Dec. 21, a Labor Department report showed today in Washington. Continuing claims rose. The year-end holidays make it difficult to adjust for fluctuations in applications for jobless benefits, a Labor Department official said as the figures were released. Betty Liu and Julie Hyman report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Is the U.S. Heading for a Recession?
54:18 - Wayne Gordon, executive director for commodities at UBS Wealth Management CIO Office, gold prices, the U.S. economy and the outlook for commodities. He speaks to Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
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