Initial claims for the week ending November 10 increased by 2,000 to 216,000 (Briefing.com consensus 214,000).
Continuing claims for the week ending November 3 increased by 46,00 to 1.676 million.
The four-week moving average for initial claims increased by 1,500 to 215,250.
The four-week moving average for continuing claims increased by 8,750 to 1,643,750.
Initial claims have held below 300,000 for 193 straight weeks.The key takeaway from the report is that the weekly increases did very little to alter trends in the four-week moving average for both series, which remain near historic lows and indicative of a tight labor market.
|Nov 10||Nov 3||Oct 27||Oct 20||Oct 13|
|4-Wk Moving Avg||215K||214K||214K||212K||212K|
|4-Wk Moving Avg||1644K||1635K||1641K||1647K|