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Jobless claims show uptick

Seasonally adjusted initial claims in the U.S. bumped up for the week ending Nov. 14. Claims rose by 31,000 to 742,000 over seven days, though the insured unemployment rate dropped slightly by 0.3 percentage points to 4.3 percent the previous week.

In the week ending November 14, the advance figure for seasonally adjusted initial claims was 742,000, an increase of 31,000 from the previous week’s revised level.

The previous week’s level was revised up by 2,000 from 709,000 to 711,000.

The 4-week moving average was 742,000, a decrease of 13,750 from the previous week’s revised average. The previous week’s average was revised up by 500 from 755,250 to 755,750.

The advance seasonally adjusted insured unemployment rate was 4.3 percent for the week ending November 7, a decrease of 0.3 percentage point from the previous week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending November 7 was 6,372,000, a decrease of 429,000 from the previous week’s revised level. The previous week’s level was revised up 15,000 from 6,786,000 to 6,801,000.

The 4-week moving average was 7,054,500, a decrease of 525,000 from the previous week’s revised average. The previous week’s average was revised up by 3,750 from 7,575,750 to 7,579,500.