Jobless claims rise; but numbers still looking much better
CNN/Money reports: “Jobless claims rise to 366,000 in latest week.”
366,000 new unemployment claims in week ended Nov. 8, compared with revised reading of 353,000 prior week.
“Most economists consider new claims below the 400,000 threshold as a sign of an improving labor market, and last week was the sixth consecutive week of jobless claims below 400,000. New claims had fluctuated in a narrow range near the 400,000 mark since mid-July.”
Four-week moving average, which irons out volatility of weekly data, fell to 375,250 week ended Nov. 8, from revised 381,250 prior week.”
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