Nov 12: Initial Claims Down
Initial Claims decreased by 12,000 to 502,000 claims for the week ending 11/07, better than the expected decrease to 524,000, following a revised level of 532,000 from the previous week. The 4-week moving average was 519,750, a decrease of 4,500 from the previous week’s revised average of 524,250. Seasonally adjusted insured unemployment from the prior week, ending on 10/31, was 5,631,000, a decrease of 139,000 from the preceding week’s revised level of 5,770,000. Seasonally adjusted insured unemployment rate from the week ending on 10/31, was 4.3 percent, unchanged from the prior week’s unrevised rate of 4.4 percent.
Crude inventories are expected today at 10:30 AM EST.
