U.S. initial jobless claims rise by 17,000 to 268,000

12/1, 2:30 PM (Source: TeleTrader.com)

U.S. initial jobless claims for the week ending November 26 grew by 17,000 to 268,000 from the previous week’s unrevised level of 251,000, the U.S. Department of Labor reported on Thursday.

This marks 91 straight weeks of initial claims remaining below 300,000, the longest streak since 1970.

Insured unemployment rate for the week ending November 19 stood at 1.5%, unchanged from the previous week’s unrevised rate. Insured unemployment during the same week increased by 38,000 to 2,081,000 from the previous week’s unrevised level.

The four-week moving average rose 12,750 to 2,037,500.

Teletrader Newsroom / AM