Updated: 14-Nov-24 09:26 ET

Initial Claims for the Week Ended Nov 09

Updated: 14-Nov-24 09:26 ET

Highlights

• Initial jobless claims decreased by 4,000 for the week ending November 9 to 217,000 (Briefing.com consensus 220,000).
• Continuing jobless claims for the week ending November 2 decreased by 11,000 to 1.873 million.

Key Factors

• The four-week moving average for initial claims decreased by 6,250 to 221,000.
• The four-week moving average for continuing claims increased by 1,000 to 1,874,500. This is the highest level since November 27, 2021.
• The total number of continued weeks claimed for benefits in all programs for the week ending October 26 was 1,673,176, an increase of 30,622 from the previous week.

Big Picture

• The key takeaway from the report is rooted in the low level of initial jobless claims -- a leading indicator -- which suggests employers are feeling reasonably good about the economic outlook, as they appear reluctant to layoff employees.

Category	Nov 9	Nov 2	Oct 26	Oct 19	Oct 12
Initial Claims	217K	221K	218K	228K	242K
4-Wk Moving Avg	221K	227K	237K	239K	237K
Continued Benefits		1873K	1884K	1853K	1888K
4-Wk Moving Avg		1875K	1874K	1867K	1859K