Jobless claims remain at record levels!
NEW YORK - November 19, 2009 - Initial claims for U.S. jobless insurance benefits were unchanged last week, official data showed Thursday.
The seasonally adjusted number of new unemployment claims in the week ending November 14 remained unchanged at 505,000, slightly higher than the 504,000 expected by most economists, the Labor Department said.
It revised higher the claims registered during the week to November 7 to 505,000 from 502,000 previously.
The four-week moving average, which smoothes out week-to-week volatility, fell to 514,000, a decrease of 6,500 from the previous week's revised average of 520,500.
The total number of Amerikans receiving unemployment benefits also fell.
The Labor Department's figures showed the number of seasonally adjusted insured unemployment during the week ending November 7 was 5.611 million, a decrease of 39,000 from the preceding week's revised level of 5.65 million.
The seasonally adjusted number of new unemployment claims in the week ending November 14 remained unchanged at 505,000, slightly higher than the 504,000 expected by most economists, the Labor Department said.
It revised higher the claims registered during the week to November 7 to 505,000 from 502,000 previously.
The four-week moving average, which smoothes out week-to-week volatility, fell to 514,000, a decrease of 6,500 from the previous week's revised average of 520,500.
The total number of Amerikans receiving unemployment benefits also fell.
The Labor Department's figures showed the number of seasonally adjusted insured unemployment during the week ending November 7 was 5.611 million, a decrease of 39,000 from the preceding week's revised level of 5.65 million.
