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US: Initial weekly jobless claims increased by 2,000 to 216,000

“In the week ending November 10, the advance figure for seasonally adjusted initial claims was 216,000, an increase of 2,000 from the previous week’s unrevised level of 214,000,”  the U.S. Department of Labor announced on Thursday.

Key takeaways from the press release

  • The 4-week moving average was 215,250, an increase of 1,500 from the previous week’s unrevised average of 213,750.  
  • The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 3, an increase of 0.1 percentage point from the previous week’s unrevised rate.
  • The advance number for seasonally adjusted insured unemployment during the week ending November 3 was 1,676,000, an increase of 46,000 from the previous week’s revised level.

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