• U.S. Initial Unemployment Claims Down 8k

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In the week ending November 3, the advance figure for seasonally adjusted initial claims was 355,000, a decrease of 8,000 from the previous week's unrevised figure of 363,000 and down 8.5% from the same week a year ago. The 4-week moving average was 370,500, an increase of 3,250 from the previous week's unrevised average of 367,250. The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending October 27, a decrease of 0.1 percentage point from the prior week's unrevised rate. The highest insured unemployment rates in the week ending October 20 were in Alaska (4.5), Puerto Rico (4.0), Virgin Islands (3.7), California (3.2), Pennsylvania (3.2), New Jersey (3.1), Connecticut (3.0), Oregon (2.9), Arkansas (2.7), and Nevada (2.7). The largest increases in initial claims for the week ending October 27 were in Oregon (+2,379), Indiana (+1,663), California (+1,139), Minnesota (+592), and Wisconsin (+589), while the largest decreases were in North Carolina (-3,782), Tennessee (-1,756), Maryland (-1,361), Florida (-1,141), and New Jersey (-1,080). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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