DOL: Initial Jobless Claims at 216,000 Week-Ended Nov 22

SECAUCUS, NJ (DTN) — The advance figure for seasonally adjusted initial U.S. unemployment claims was 216,000 in the week ending November 22, down 6,000 from the previous week’s revised level of 222,000, the Department of Labor (DOL) reported Wednesday (11/26).

The four-week moving average was 223,750, a decrease of 1,000 from the previous week’s revised average of 224,750.

DOL reported the advance seasonally adjusted insured unemployment rate at 1.3% for the week ending November 15, unchanged from the previous week’s unrevised rate. The department reports the unemployment rate at a one-week lag.

The advance number for seasonally adjusted insured unemployment during the week of November 8 was 1,960,000, an increase of 7,000 from previous week’s revised level of 1,953,000.