Americans lined up for unemployment benefits at an accelerated pace in the week ended 7 November, according to the Labor Department.
Source: Sharecast
Initial claims rose by 9,000 to 200,000, after the prior week was upwardly revised by 2,000 to 189,000, while the four‑week moving average was 195,250, unchanged from the prior week's upward revision.
Continuing claims fell by 20,000, with the number of Americans receiving unemployment benefits dropping to 1.697m in the week ended 31 October, while the previous reading was revised down by 1,000 to 1.717m.
The seasonally adjusted insured unemployment rate held steady at 1.1%, unchanged from the previous week's unrevised rate.
Reporting by Iain Gilbert at Sharecast.com
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
