According to the US Department of Labor, in the week ending November 12, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 5,000 from the previous week’s revised figure of 393,000. The 4-week moving average was 396,750, a decrease of 4,000 from the previous week’s revised average of 400,750.

Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged

The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending November 5, 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 November 5 was 3,608,000, a decrease of 57,000 from the preceding week’s revised level of 3,665,000. The 4-week moving average was 3,670,000, a decrease of 32,750 from the preceding week’s revised average of 3,702,750.