US Jobless Claims Increase for the Week Ending December 3rd

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 230,000 during the week ending on Saturday, December 3, 2022. This is an increase of 4,000 from the previous week’s revised level of 226,000 (originally reported as 225,000). The 4-week moving average was 230,000—an increase of 1,000 from the previously week’s revised level of 229,000 (originally reported as 228,750).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending November 26, 2022, was 1,671,000. This is an increase of 57,000 from the previous week’s revised level of 1,609,000 (originally reported as 1,608,00). The 4-week moving average was 1,582,250—an increase of 43,250 from the previous week’s revised level of 1,539,000 (originally reported as 1,538,750).

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending November 26, 2022, an increase of 0.1% from the previous week’s unrevised rate.