Market Updates
Continuing Jobless Claims Rise to 9-month High
Brian Turner
23 Nov, 2022
New York City
Initial jobless claims for the week ending November 19 increased to 240,00, the Department of Labor reported Wednesday.
The claims are adjusted for season factors.
Weekly claims rose 17,000 from the previous week's upwardly revised by 1,000 to 223,000 level.
Continuing claims also increased to 1.551 million, highest since the first week in March.
The advance number of actual initial claims under state programs, unadjusted, totaled 248,185 in the week ending November 19, an increase of 47,909 or 23.9% from the previous week.
The seasonal factors had expected an increase of 30,554 or 15.3% from the previous week.
There were 253,369 initial claims in the comparable week in 2021.
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