US Weekly Initial Jobless Claims Decline in the Week Ending November 22

On Wednesday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 216,000 for the week ending Saturday, November 22, a decrease of 6,000 from the previous week’s revised level of 222,000 (originally 220,000). The four-week moving average was 223,750—a decrease of 1,000 from the prior week’s revised average of 224,750 (originally 224,250).

The advance number for seasonally adjusted insured unemployment during the week ending November 15 was 1,960,000, an increase of 7,000 from the previous week’s revised level of 1,953,000 (originally 1,974,000). The four-week moving average was 1,955,750—an increase of 750 from the prior week’s revised average of 1,955,000 (originally 1,960,250).

The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending November 15, unchanged from the previous week’s rate.