According to the US Department of Labor, in the week ending November 6, the advance figure for seasonally adjusted initial claims was 435,000, a decrease of 24,000 from the previous week’s revised figure of 459,000. The 4-week moving average was 446,500, a decrease of 10,000 from the previous week’s revised average of 456,500.

Advance Seasonally Adjusted Insured Unemployment Rate Decreases

The advance seasonally adjusted insured unemployment rate was 3.4% for the week ending October 30, a decrease of 0.1 percentage points from the prior week’s revised rate of 3.5%.

Advance Seasonally Adjusted Insured Unemployment Decreases

The advance number for seasonally adjusted insured unemployment during the week ending October 30 was 4,301,000, a decrease of 86,000 from the preceding week’s revised level of 4,387,000. The 4-week moving average was 4,388,250, a decrease of 35,750 from the preceding week’s revised average of 4,424,000.