US Weekly Initial Jobless Claims Decline in the Week Ending November 23rd

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 23th. This is a decrease of 2,000 from the previous week’s revised level of 215,000 (originally 213,000). The 4-week moving average was 217,000—a decrease of 1,250 from the previous week’s revised level of 218,500 (originally 217,750).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending November 16th was 1,907,000. This is an increase of 9,000 from the previous week’s revised total of 1,898,000 (originally 1,908,000) and the highest level for insured unemployment since November 13th, 2021, when it was 1,974,000. The 4-week moving average was 1,890,250—an increase of 13,500 from the previous week’s revised level of 1,876,750 (originally 1,879,250) 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 16th, unchanged from the previous week’s unrevised rate.