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“In the week ending November 24, the advance figure for seasonally adjusted initial claims was 234,000, an increase of 10,000 from the previous week’s unrevised level of 224,000,”  the U.S. Department of Labor announced on Thursday.

Key takeaways from the press release

  • The 4-week moving average was 223,250, an increase of 4,750 from the previous week’s unrevised average of 218,500.  
  • The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 17.
  • The advance number for seasonally adjusted insured unemployment during the week ending November 17 was 1,710,000, an increase of 50,000 from the previous week’s revised level.