The United States Received 267,000 Unemployment Benefits For The First Time, In Line With Market Expectations
The United States Received 267,000 Unemployment Benefits For The First Time, In Line With Market Expectations
The U.S. Department of Labor announced on November 10 that after seasonal adjustments, for the week ending November 6, the number of people applying for unemployment benefits for the first time decreased by 4,000 from the previous week’s revised value to 267,000, continuing to hit March 14, 2020. This is the new low since the week (256,000 people), which is the sixth consecutive week of decrease, in line with economists’ estimates. As of the week of November 6, the 4-week moving average of the number of people applying for unemployment benefits for the first time decreased by 7,250 to 278,000 from the previous week's revised value, which was also the lowest since the week of March 14, 2020 (225,500). As of the week ending October 30, after seasonal adjustments, the number of consecutive applications for unemployment benefits increased by 59,000 from the revised value of the previous week to 2,160,000. The 4-week moving average of the number of consecutive applications for unemployment benefits in the current week decreased by 110,750 from the previous week’s revised value to 2,245,000, a record low since the week of March 21, 2020 (2,071,750).
The United States Initial Jobless Claims
