Weekly Jobless Claims Increased in the Week Ending November 21st, 2020

The U.S. Department of Labor is reporting that an additional 778,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, November 21^st. An increase of 30,000 from the previous week’s revised level. The 4-week moving average was 748,500, an increase of 5,000 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending November 14^th was 6,071,000, a decrease of 299,000 from the previous week’s revised level. Continuing claims remain below 20 million. The 4-week moving average was 6,615,250, a decrease of 438,00 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 4.1% for the week ending November 14^th, a decline of 0.2% from the previous week’s revised rates.