As a result the 4-week moving average came in at 294,000 an increase of 6,250 from the previous week’s revised average.
There were no special factors impacting this week’s initial claims.
The advance seasonally adjusted insured unemployment rate was 1.7% for the week ended on November 15. The reading for continuing claims on that week was 2.316 million, a fall of 17,000 from the previous revised level. Note that these continuing claims are reported with a one-week lag.
Continuing claims are at their lowest level since December in 2000, when they totaled 2.263 million.
The highest continuing claims rates across the U.S., in descending order, for the week ended November 8 were from: Alaska, New Jersey, California, Connecticut, Nevada, Pennsylvania, Massachusetts, and Oregon.
The largest increases in initial jobless claims across the U.S., in descending order, for the week ended November 15 were: Minnesota, Montana, Wisconsin, New York, and Colorado, while the largest decreases in initial jobless claims were in: California, New Jersey, Pennsylvania, Oregon and Massachusetts.
ALSO READ: States With the Widest Gap Between Rich and Poor
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.