·
Initial claims for jobless insurance reversed about half of the prior
week's rise and fell 17,000 to 320,000 during Thanksgiving week.
Consensus expectations had been for 323,000 claims.
· Hurricane related claims dropped back to 10,000 and brought the total of the three storms during the last thirteen weeks to 592,000.
· The four-week moving average of initial claims fell slightly to 322,500 (-3.5% y/y).
· Continuing claims for unemployment insurance fell 24,000 following a downwardly revised 26,000 gain the prior week.
· The insured rate of unemployment
held at 2.2% for the tenth consecutive week.