United States Jobless Claims Fall

Initial Jobless Claims

The United States adjusted initial claims fell 13,000 to 239,000 in the week ended November 18 from the preceding week’s revised level, according to a release from Department of Labor.

The latest weekly jobless claim data came on the back of an upward revision of 3,000 in the preceding week claims. The four-week moving average showed an increase of 1,250 to 239,750 from 238,500.

As far as the advanced unadjusted insured jobless rate, it was 1.2 percent in the week ended November 11. This was unchanged from the previous week.

The release pointed out a drop of 11,624 in the total number of people claiming benefits of all programs in the week ended November 4.

There was trigger on the Extended Benefits program in the same period. “The largest increases in initial claims for the week ending November 11 were in New York (+3,025), Minnesota (+1,621), California (+1,241), New Jersey (+1,076), and Pennsylvania (+463), while the largest decreases were in Michigan (-2,641), Puerto Rico (-1,591), Illinois (-1,342), Oklahoma (-1,254), and Georgia (-1,166),” the release showed.

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