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US Jobless Claims Mark Pandemic-Low for Fifth Straight Week

November 10, 2021 by Forex Winner Leave a Comment

US Jobless Claims Mark Pandemic-Low for Fifth Straight Week

Source: Department of Labor

US unemployment claims continued to fall, hitting the lowest level since the COVID-19 pandemic hit for the fifth straight week. DXY is up 0.32%, while Gold is up 1.82%.

  • Initial claims for the week ending November 6 were recorded at 267,000, down 4,000 from the previous week’s 271,000. 
  • The four-week moving average stood at 278,000, down 7,250 from the previous week’s 285,250. 
  • The latest initial claims level is the lowest since March 14, 2020’s 256,00, while the four-week average is the lowest since March 14, 2020’s 225,500.
  • The insured unemployment rate for the week ending October 30 stood at 1.6%, unchanged from the previous week.
  • Insured unemployment was recorded at 2.160 million, up by 59,000 from the previous week’s 2.101 million.
  • The biggest increases in initial claims were in Kentucky, Louisiana, Minnesota, Tennessee, and New Jersey.
  • The largest declines were in Missouri, Florida, Virginia, Oklahoma, and Pennsylvania.

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