Connect With PPD
Follow Us:
Economy

Jobless Claims Unchanged for Week Ending November 16

The advance estimate for initial jobless claims came in at 227,000 for the week ending November 16, unchanged and higher than the consensus. The 4-week average came in at a seasonally adjusted 221,000.

Forecasts ranged from a low of 215,000 to a high of 221,000. The consensus forecast was 217,000.

Lagging Jobless Claims Data

The advance seasonally adjusted insured unemployment rate remained unchanged at a very low 1.2% for the week ending November 9. The advance number for seasonally adjusted insured unemployment during the week ending November 9 was 1,695,000, up 3,000 from the previous week.

The 4-week moving average was 1,693,000, an increase of 3,000. The previous week’s average was revised up by 2,250 from 1,687,750 to 1,690,000.

No state was triggered “on” the Extended Benefits program during the week ending November 2.

The highest insured unemployment rates in the week ending November 2 were in Alaska (2.3), Puerto Rico (2.1), New Jersey (1.9), California (1.7), Connecticut (1.6), Pennsylvania (1.5), the Virgin Islands (1.5), West Virginia (1.5), and Washington (1.4).

The largest increases in initial claims for the week ending November 9 were in California (+6,484), New Jersey (+5,197), New York (+2,721), Texas (+2,532), and Minnesota (+2,117), while the largest decreases were in Colorado (-794), Arkansas (-458), Montana (-188), Vermont (-27), and Arizona (-14).

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

4 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

4 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.