The number of Americans filing for unemployment benefits increased by 17 thousand to 268 thousand in the week ended November 26th from the previous week's level of 251 thousand. It is the highest figure since the last week of June and above market expectations of 253 thousand. However, it is the 91st consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The 4-week moving average which smooths out week-to-week volatility was 251,500, an increase of 500 from the previous week's unrevised average of 251,000.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending November 19, unchanged from the previous week's unrevised rate.
Continuing claims during the week ending November 19 were at 2,081,000, an increase of 38,000 from the previous week's unrevised level of 2,043,000. The 4-week moving average was 2,037,500, an increase of 12,750 from the previous week's unrevised average of 2,024,750.
12/1/2016 1:39:33 PM