US Jobless Claims Grow by Highest in Four Months

Source: US Labor Department

American unemployment claims jumped by the highest in four months, after registering historic lows in the previous month. DXY is down 0.14%, while Gold is down 0.76%.

• Seasonally adjusted initial claims for the week ending November 27 stood at 222,000, up by 28,000 from the previous week’s revised level of 194,000.
• The latest increase is the biggest growth in claims since the 56,000 claims added in the week ending July 17, 2021.
• The four-week moving average was recorded at 238,750, marking the lowest level since March 14, 2020’s 225,500.
• Seasonally adjusted insured unemployment for the week ending November 20 was 1.4%, 0.1 percentage points lower than the previous week’s unrevised rate.
• Insured unemployment was 1.956 million individuals, 107,000 lower than the previous week’s 2.063 million. This is the lowest since March 14, 2020’s 1.770 million.
• The biggest increases for the week were in Virginia, New Jersey, Michigan, Oklahoma, and Minnesota.
• The largest declines were in California, Kentucky, the District of Columbia, Missouri, and Massachusetts.