Strong US Jobs Report With Partipation Higher in Over 5 Years


[size=5][b]US initial jobless claims 227K v 218K estimate
For the week of November 16

Initial claims 4 week moving average 221K v 217.5 K

Continuing claims 1695K v 1683K estimate
Continuing claims 4 week moving average 1693K v 1690K

The largest increases in initial claims for the week ending November 9 were in California (+6,484), New Jersey (+5,197), New York (+2,721), Texas (+2,532), and Minnesota (+2,117),

The largest decreases were in Colorado (-794), Arkansas (-458), Montana (-188), Vermont (-27), and Arizona (-14).

Note two higher than expected weeks in a row.