US: Initial weekly jobless claims increased by 3,000 to 224,000

Eren Sengezer FXStreet

"In the week ending November 17, the advance figure for seasonally adjusted initial claims was 224,000, an increase of 3,000 from the previous week's revised level," the U.S. Department of Labor announced on Wednesday.

Key takeaways from the press release

The previous week's level was revised up by 5,000 from 216,000 to 221,000.
The 4-week moving average was 218,500, an increase of 2,000 from the previous week's revised average.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 10, unchanged from the previous week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending November 10 was 1,668,000, a decrease of 2,000 from the previous week's revised level.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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