The U.S. Department of Labor released the latest unemployment benefits data on Wednesday (23rd). The adjusted number of initial jobless claims reported last week was 240,000, a 3-month high, an increase of 17,000 from the revised previous value of 223,000, exceeding the market The expected 225,000. Although the data revealed signs of cooling in the job market, it did not mean a substantial shift, and the job market remained tight.
As of the week of November 19, the adjusted number of initial jobless claims in the United States was 240,000, which was higher than market expectations of 225,000. The revised previous value was 223,000, and the 4-week moving average was 226,700.
As of the week of November 12, the adjusted number of continuing unemployment benefits in the United States was reported at 1.551 million, an increase of 48,000 from last week’s revised 1.503 million, higher than market expectations of 1.517 million, and the 4-week moving average Reported 1.5097 million people.
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