Unemployment Claims Increased 28,000 Week of Nov. 27

In the week ending Nov. 27, the advance figure for seasonally adjusted initial claims was 222,000, an increase of 28,000 from the previous week’s revised level. The previous week’s level was revised down by 5,000 from 199,000 to 194,000. The four-week moving average was 238,750, a decrease of 12,250 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 down by 1,250 from 252,250 to 251,000.

The advance seasonally adjusted insured unemployment rate was 1.4% for the week ending Nov. 20, a decrease of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending Nov. 20 was 1,956,000, a decrease of 107,000 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 14,000 from 2,049,000 to 2,063,000. The four-week moving average was 2,084,250, a decrease of 36,250 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 3,500 from 2,117,000 to 2,120,500.