US Jobless Claims Rise the Most in 7 Months


The number of Americans filling for unemployment benefits increased by 14 thousand to 225 thousand in the week ended November 9th from the previous week’s unrevised level of 211 thousand and compared with market expectations of 215 thousand. It was the biggest gain in jobless claims since the week ended April 20th and the highest level recorded since the week ended June 22nd as claims for five states and Puerto Rico were estimated due to Veterans’ Day holiday.

The 4-week moving average was 217,000, an increase of 1,750 from the previous week's unrevised average of 215,250. 

According to unadjusted data, the biggest rises were seen in California (+5,871); New Jersey (+5,099); New York (+2,954); Minnesota (+2,509) and Texas (+2,273) while the largest declines were reported in Colorado (-759) and Arkansas (-702).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 2, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending November 2 was 1,683,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,689,000 to 1,693,000. The 4-week moving average was 1,687,750, unchanged from the previous week's revised average. The previous week's average was revised up by 1,000 from 1,686,750 to 1,687,750.

US Jobless Claims Rise the Most in 7 Months


DOL | Agna Gabriel | agna.gabriel@tradingeconomics.com
11/14/2019 2:55:09 PM