About us
(Seoul=Yonhap Infomax) Jung Won Yoon – The number of Americans filing new claims for unemployment benefits came in below market expectations.
According to the US Department of Labor’s weekly jobless claims report released on the 20th (local time), initial jobless claims for the week ending November 15, on a seasonally adjusted basis, totaled 220,000, a decrease of 8,000 from the previous week. This figure was lower than the market forecast of 232,000.
The less-volatile four-week moving average of initial claims fell by 3,000 to 224,250 from the previous week.
For the week ending November 8, continuing claims rose by 28,000 to 1,974,000, marking the highest level since November 6, 2021, when claims reached 2,041,000.
The four-week moving average for continuing claims increased by 6,750 to 1,960,250, also the highest since November 20, 2021, when it stood at 2,004,250.
The Department of Labor also released data on regular unemployment claims filed during the government shutdown period. During the shutdown, initial claims remained in the range of 220,000 to 235,000, showing little change compared to pre-shutdown levels.
jwyoon2@yna.co.kr
(End)
Copyright © Yonhap Infomax Unauthorized reproduction and redistribution prohibited.