US Weekly Initial Jobless Claims Increase in the Week Ending November 7

On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 200,000 for the week ending Saturday, November 7, an increase of 9,000 from the previous week’s revised level of 191,000 (originally 189,000). The four-week moving average was unchanged at 195,250 from the prior week’s revised average of 195,250 (originally 194,750).

The advance number for seasonally adjusted insured unemployment during the week ending October 31 was 1,697,000, a decrease of 20,000 from the previous week’s revised level of 1,717,000 (originally 1,718,000). The four-week moving average was 1,707,750—a decrease of 1,500 from the prior week’s revised average of 1,709,250 (originally 1,709,500).

The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending October 31, unchanged from the previous week’s unrevised rate.