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11/27/2019, 2:30 PM (Source: TeleTrader)
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US initial jobless claims down 15,000 to 213,000

Initial jobless claims in the United States for the week ending November 23 amounted to 213,000, which compares to the revised figure of 228,000 in the week before, the US Department of Labor reported on Thursday. The four-week moving average was 219,750, going down 1,500 compared to the previous week's revised average.

The seasonally adjusted insured unemployment rate for the week ending November 16 was 1.1%, as the rate declined by 0.1 percentage point from the previous week. The advance number for seasonally adjusted insured unemployment during the same week stood at 1,640,000, decreasing to the lowest level since 1973 by 57,000 from the previous week's revised figure of 1,697,000. The four-week moving average was 1,680,500 or 13,000 less compared to the previous week's revised average of 1,693,500.

Breaking the News / VP