The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 240,000 during the week ending on Saturday, November 19, 2022. This is an increase of 17,000 from the previous week’s revised level of 223,000 (originally reported as 222,000). The 4-week moving average was 226,750—an increase of 5,500 from the previously week’s revised level of 221,250 (originally reported as 221,000).
The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending November 12th was 1,551,000. This is an increase of 48,000 from the previous week’s revised level of 1,503,000 (originally reported as 1,507,000). The 4-week moving average was 1,509,750—an increase of 28,250 from the previous week’s unrevised level of 1,481,500.
The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending November 12th, an increase of 0.1% from the previous week’s unrevised rate.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.