US Weekly Initial Jobless Claims Decline in the Week Ending November 16th

On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 213,000 during the week ending Saturday, November 16th. This is a decrease of 6,000 from the previous week’s revised level of 219,000 (originally 217,000). The 4-week moving average was 217,750—a decrease of 3,750 from the previous week’s revised level of 221,500 (originally 221,000).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending November 9th was 1,908,000. This is an increase of 36,000 from the previous week’s revised total of 1,872,000 (originally 1,873,000) and the highest level for insured unemployment since November 13th, 2021, when it was 1,974,000. The 4-week moving average was 1,879,250—an increase of 5,000 from the previous week’s revised level of 1,874,250 (originally 1,874,500) and the highest level for this average since November 27th, 2021, when it was 1,928,000.

The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending November 9th, an increase of 0.1% from the previous week’s unrevised rate.