New Unemployment Claims Decreased 71,000 Week Ending Nov. 20

In the week ending Nov. 20, the advance figure for seasonally adjusted initial claims was 199,000, a decrease of 71,000 from the previous week’s revised level. This is the lowest level for initial claims since Nov. 15, 1969 when it was 197,000. The previous week’s level was revised up by 2,000 from 268,000 to 270,000. The four-week moving average was 252,250, a decrease of 21,000 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week’s average was revised up by 500 from 272,750 to 273,250.

The advance seasonally adjusted insured unemployment rate was 1.5% for the week ending Nov. 13, a decrease of 0.1 percentage point from the previous week’s revised rate. The previous week’s rate was revised up by 0.1 from 1.5% to 1.6%. The advance number for seasonally adjusted insured unemployment during the week ending Nov. 13 was 2,049,000, a decrease of 60,000 from the previous week’s revised level. This is the lowest level for insured unemployment since March 14, 2020 when it was 1,770,000. The previous week’s level was revised up 29,000 from 2,080,000 to 2,109,000. The four-week moving average was 2,117,000, a decrease of 47,500 from the previous week’s revised average. This is the lowest level for this average since March 21, 2020 when it was 2,071,750. The previous week’s average was revised up by 7,250 from 2,157,250 to 2,164,500.