Jobless Claims Only Marginally Impacted By Hurricane

The Labor Department said initial jobless claims came in at a seasonally adjusted 216,000 for the week ending November 10. While hurricane effects have had an impact, it’s only marginal and labor market remains very strong.

The 4-week moving average was 215,250, an increase of 1,500 from the previous week’s unrevised average of 213,750.

The advance seasonally adjusted insured unemployment rate increased marginally by 0.1% to 1.2% for the week ending November 3, a return to a very low rate still after a temporary decline to 1.1%.

No state was triggered “on” the Extended Benefits program during the week ending October 27.

The highest insured unemployment rates in the week ending October 27 were in Alaska (2.2), New Jersey (1.9), Puerto Rico (1.8), California (1.6), Connecticut (1.6), Pennsylvania (1.4), Virgin Islands (1.4), District of Columbia (1.3), Illinois (1.3), Nevada (1.3), Rhode Island (1.3), and Washington (1.3).

The largest increases in initial claims for the week ending November 3 were in Michigan (+4,853), California (+2,792), Pennsylvania (+2,698), Ohio (+1,731), and Washington (+1,295), while the largest decreases were in Illinois (-3,245), Missouri (-2,876), Florida (-1,216), Arkansas (-524), and Georgia (-380).