“In the week ending November 17, the advance figure for seasonally adjusted initial claims was 224,000, an increase of 3,000 from the previous week’s revised level,” the U.S. Department of Labor announced on Wednesday.
Key takeaways from the press release
- The previous week’s level was revised up by 5,000 from 216,000 to 221,000.
- The 4-week moving average was 218,500, an increase of 2,000 from the previous week’s revised average.
- The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 10, unchanged from the previous week’s unrevised rate.
- The advance number for seasonally adjusted insured unemployment during the week ending November 10 was 1,668,000, a decrease of 2,000 from the previous week’s revised level.
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