Continuing claims 1710K versus 1663K expected
- The US initial jobless claims came in higher than expectations of 234K versus 220K expected and 224K last. That is the highest level since May
- The four-week average rose to 223.25K versus 218.5K last week
- Continuing claims rose to 1710K versus 1663K expected
- The largest increases in initial claims for the week ending November 17 were in Illinois (+2,026), Minnesota (+1,354), Wisconsin (+726), Missouri (+626), and Texas (+536),
- The largest decreases were in California (-6,861), New Jersey (-2,347), New York (-1,680), Florida (-886), and Pennsylvania (-875).
There is a mini trend back to the upside for the claims data. The low in September was close to the 200K level.
