US jobless claims unexpectedly fall to 213,000
By Iain Gilbert
Date: Thursday 21 Nov 2024
(Sharecast News) - Americans lined up for unemployment benefits at a decelerated pace in the week ended 16 November, according to the Department of Labor.
Initial jobless claims fell by 6,000 week-on-week to 213,000, the lowest reading since April and well and truly missing expectations for an increase to 220,000.
The four-week moving average, which aims to strip out week-to-week volatility, fell by 3,750 to 217,750, while the non-seasonally adjusted claim count fell by 17,750 to 213,035.
Outstanding claims, on the other hand, rose to 1.90m - the highest reading seen for the last three years.
Reporting by Iain Gilbert at Sharecast.com
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