U.S. Jobless Insurance Claims Decrease to 213,000 for the Week Ended Nov 16

The number of Americans filing for first-time unemployment benefits dropped to a seasonally adjusted 213,000 for the week ending November 16, 2024. This marks a decline of 6,000 claims from the previous week’s revised figure of 219,000, signaling a possible stabilization in the labor market after recent fluctuations.

Four-Week Moving Average Declines

The four-week moving average of unemployment claims—a more stable indicator of labor market trends—also declined by 3,750 to 217,750. This decrease reflects a consistent improvement, offering a broader perspective beyond weekly changes, a report of the U.S. Department of Labor (DoL) said.

Insured Unemployment Rises