US weekly initial jobless claims 222k vs 240K estimate

  
  Analysis

US weekly initial jobless claims and continuing claims data

Initial jobless claims
  • US initial jobs claims 222K versus 240K estimate. Prior revised to 194K from 199K
  • 4 week moving average of initial jobless claims 238.75K vs 251K. The average is the lowest since March 14, 2020.
  • Continuing claims 1956K vs estimate of  2000K.  This is the lowest level since March 14, 2020.  Last week continuing claims a 2049K revised to 2063K
  • 4 week moving average of continuing claims comes in at 2084.25K vs 2117K last week. This is the lowest average since March 21, 2020.
  • The largest increases in initial claims for the week ending November 20 were in Virginia (+12,703), New Jersey (+2,061), Michigan (+1,926), Oklahoma (+1,490), and Minnesota (+1,465),
  • The largest decreases were in California (-7,233), Kentucky (-3,910), District of Columbia (-1,679), Missouri (-1,519), and Massachusetts (-1,410).
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