In the week ending November 7, the advance figure for seasonally adjusted initial claims was 276,000, unchanged from the previous week's unrevised level. Analysts were predicting decrease to 270,000. The 4-week moving average was 267,750, an increase of 5,000 from the previous week's unrevised average of 262,750.
The advance seasonally adjusted insured unemployment rate was 1.6% for the week ending October 31, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 31 was 2,174,000, an increase of 5,000 from the previous week's revised level. The 4-week moving average was 2,165,250, an increase of 2,250 from the previous week's revised average.
Euro is currently being traded few points below 1.0770 level, Sterling is around 1.5210 handle, while Aussie is above 0.71 area.