DOL: Initial Jobless Claims at 220,000 Week-Ended Nov 15

SECAUCUS, NJ (DTN) — The advance figure for seasonally adjusted initial U.S. unemployment claims was 220,000 in the week ending November 15, down 8,000 from the previous week’s level, which was left unrevised at 228,000, the Department of Labor (DOL) reported Thursday (11/20).
The four-week moving average was 224,250, a decrease of 3,000 from the previous week’s unrevised average of 227,250.
DOL reported the advance seasonally adjusted insured unemployment rate at 1.3% for the week ending November 8, 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 1,974,000, up 28,000 from previous week’s level.
DOL noted that it was the highest level for insured unemployment since the week to November 6, 2021, when it stood at 2,041,000.