• U.S. Initial Unemployment Claims Down 41k

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In the week ending November 17, the advance figure for seasonally adjusted initial claims was 410,000, a decrease of 41,000 from the previous week's revised figure of 451,000 but up 4.9% from the same week a year ago. The 4-week moving average was 396,250, an increase of 9,500 from the previous week's revised average of 386,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending November 10, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending November 3 were in Alaska (5.1), Puerto Rico (3.8), New Jersey (3.6), Virgin Islands (3.5), Connecticut (3.4), Pennsylvania (3.3), California (3.2), New York (3.1), Oregon (3.1), Arkansas (2.8), Nevada (2.8), and West Virginia (2.8). The largest increases in initial claims for the week ending November 10 were in New York (+43,956), New Jersey (+31,094), California (+24,693), Pennsylvania (+7,037), and Connecticut (+1,808), while the largest decreases were in Ohio (-4,996), Indiana (-877), Arkansas (-665), Massachusetts (-607), and Maryland (-576). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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