Economic Buzz: US Weekly Unemployment Claims Edge Lower

18 Nov 2022 , 09:29 AM

First-time claims for U.S. unemployment benefits edged slightly lower in the week ended November 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 222,000, a decrease of 4,000 from the previous weeks revised level of 226,000. Meanwhile, the Labor Department said the less volatile four-week moving average crept up to 221,000, an increase of 2,000 from the previous weeks revised average of 219,000. The report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also edged up by 13,000 to 1.507 million in the week ended November 5th. The four-week moving average of continuing claims also rose to 1,481,500, an increase of 31,000 from the previous weeks revised average of 1,450,500.Powered by Commodity Insights