• U.S. weekly jobless claims unexpectedly unchanged

Market news

21 November 2019

U.S. weekly jobless claims unexpectedly unchanged

The data from the Labor Department revealed on Thursday the number of applications for unemployment benefits remained unexpectedly unchanged last week, suggesting some softening in the labor market.

According to the report, the initial claims for unemployment benefits were flat at a seasonally adjusted 227,000 for the week ended November 16. That was the highest reading since June 22.

Economists had expected 219,000 new claims last week.

Claims for the prior week were revised upwardly to 227,000 from the initial estimate of 225,000.

Meanwhile, the four-week moving average of claims rose by 3,500 to 221,000 last week.

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