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 28th. 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 21st 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.
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Weekly Jobless Claims Decline in the Week Ending 28th November 2020