Weekly Jobless Claims Decline in the Week Ending 28th November 2020

The U.S. Department of Labor is reporting that an additional 712,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, November 28^th. A decrease of 75,000 from the previous week’s revised level. The 4-week moving average was 739,500, a decrease of 11,250 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending 21^st November was 5,520,000, a decrease of 569,000 from the previous week’s revised level. Continuing claims remain below 20 million. The 4-week moving average was 6,194,250, a decrease of 425,00 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.8% for the week ending 21st November, a decline of 0.4% from the previous week’s revised rates.