Welcome!

Thursday, November 13, 2014

Jobless Claims Rise, Remain At Low Level

Initial jobless claims remain at a low level but did rise in the November 8 week, up 12,000 to 290,000 which is the highest reading in 7 weeks. The 4-week average also rose, up 6,000 to 285,000 which is the highest in 5 weeks.

Continuing claims, in lagging data, also rose, up 36,000 in the November 1 week to 2.392 million. The 4-week average is up very slightly, 1,000 higher to 2.373 million. The unemployment rate for insured workers is unchanged at 1.8 percent.

There are no special factors in today's report, one that hints, but only hints, at possible trouble for the November employment report.


Recent History Of This Indicator:
Initial jobless claims fell 10,000 in the November 1 week to 278,000. The 4-week average was down 2,250 to 279,000. This was the seventh decline in eight weeks for the average and a new 14-year low. Continuing claims, in data that lag by a week, were also down, at 2.348 million for a 39,000 decline in the October 25 week and another 14-year low. The 4-week average was down 8,000 to 2.370 million with the unemployment rate for insured workers unchanged at 1.8 percent.

No comments:

Post a Comment

Legal Shield

Pre-Paid Legal