US Initial Jobless Claims Hit Lowest Since 1969

Initial jobless claims continue to fall. Americans filing for unemployment benefits fell to the lowest level of initial claims since November 15, 1969. The labor market continues to recover from the coronavirus economic burdens. Initial claims by 71,000 to 199,000 in the week ended November 20th. Demand for workers remains strong as the economy rebounds.

US initial jobless claims and continuing claims for current week

  • Initial jobless claims 20 Nov 199K vs 265K estimate. Prior week 268k revised to 270k This is the lowest level since March 14, 2021 it was 256K
  • 4 week moving average  252.25k, a new pandemic low versus 278.5K. This is a new pandemic low.
United States Initial Jobless Claims
Initial jobless claims
  • Continuing Jobless Claims 13 Nov: 2.049M (est 2.033M; prev 2.080M; prevR 2.109M)
  • 4 week moving average of continuing claims 2.157K vs 2.257K last week. This is the lowest level since March 21, 2020
United States Continuing Jobless Claims
US Continuing Claims

The largest increases in initial claims for the week ending November 13 :

Virginia (+17.7 thousand), Illinois (+4.6 thousand) and Michigan (+2.2 thousand)

The largest decreases for the week ending November 13 :

California (-6.6 thousand) and Kentucky (-3.9 thousand).

Source: DOL

From The TradersCommunity US News Desk