According to the US Department of Labor, in the week ending November 5, the advance figure for seasonally adjusted initial claims was 390,000, a decrease of 10,000 from the previous week’s revised figure of 400,000. The 4-week moving average was 400,000, a decrease of 5,250 from the previous week’s revised average of 405,250.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending October 29, unchanged from the prior week’s unrevised rate.
Advance Seasonally Adjusted Insured Unemployment Decreases
The advance number for seasonally adjusted insured unemployment during the week ending October 29 was 3,615,000, a decrease of 92,000 from the preceding week’s revised level of 3,707,000. The 4-week moving average was 3,690,250, a decrease of 19,500 from the preceding week’s revised average of 3,709,750.