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Unemployment Claims at 254,000

Thursday, Nov 10 2016
Unemployment Claims at 254,000

In the week ending November 5, the advance figure for seasonally adjusted initial claims was 254,000, a decrease of 11,000 from the previous week's unrevised level of 265,000. The 4-week moving average was 259,750, an increase of 1,750 from the previous week's revised average. The previous week's average was revised up by 250 from 257,750 to 258,000. There were no special factors impacting this week's initial claims. This marks 88 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending October 29, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 29 was 2,041,000, an increase of 18,000 from the previous week's revised level. The 4-week moving average was 2,039,500, a decrease of 2,250 from the previous week's revised average. This is the lowest level for this average since July 1, 2000 when it was 2,036,500.

 

Euro is currently being 1.0870 level, Sterling is at 1.25 handle while Aussie is around 0.7560 area.

More in this category: « Sterling higher despite no major data releases German CPI increased 0.2% »

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