US Jobless Claims Fall for Second Straight Week


The number of Americans filing for unemployment benefits decreased by 2 thousand to 238 thousand in the week ended November 25th from the previous week's revised level of 240 thousand and below market expectations of 240 thousand. It is the second straight week of declines in initial claims. Claims taking procedures continue to be disrupted in the Virgin Islands.

Claims remained below the 300,000 threshold for 143 straight weeks, the longest such stretch since 1970 when the labor market was smaller.

The 4-week moving average was 242,250, an increase of 2,250 from the previous week's revised average. The previous week's average was revised up by 250 from 239,750 to 240,000. 
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending November 18, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment (continuing jobless claims) during the week ending November 18 was 1,957,000, an increase of 42,000 from the previous week's revised level. The previous week's level was revised up 11,000 from 1,904,000 to 1,915,000. The 4-week moving average was 1,911,000, an increase of 18,250 from the previous week's revised average. The previous week's average was revised up by 2,750 from 1,890,000 to 1,892,750. 

DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/30/2017 1:57:51 PM