U.S. Weekly Initial Jobless Claims Decline

According to the latest report from the US Department of Labor (DoL), there were 267,000 initial claims for US unemployment benefits in the week ending on the 6th of November. That was 2,000 more than expected, but down 4,000 from the week prior and, according to the DoL, “is the lowest level for initial claims since March 14, 2020 when it was 256,000”. Last week’s initial jobless claims number was revised higher to 271,000 from 269,000.