US Jobless Claims Fall by 4,000 to Another Pandemic Low

Source: Department of Labor

US jobless claims for the week that ended November 6 were 267,000, down 4,000 from the previous week. DJI is down -0.15%, DXY is up +0.20%.

• On a four-week moving average, the jobless claims were 278,000, a decline of 7,250 from the previous week. The claims were the lowest since March 14.
• Continuing claims were 2.16 million, down by 59,000 from the previous week. The claims averaged 2.245 million in the four weeks to October 30, down by 110,750 from the previous week.
• The initial claims under state programs rose by 5.3% or 12,759 to 254,478. The increase was a lower than expected jump of 7.0% or 16,848.
• Initial claims rose the highest in Kentucky, Louisiana, Minnesota, Tennessee, and New Jersey. The largest declines in initial claims were in Missouri, Florida, Virginia, Oklahoma, and Pennsylvania.