FX.co ★ US Initial Claims Fall To Lowest in 9 Months

In the week ending November 22nd, initial jobless claims in the United States decreased by 6,000 to reach 216,000. This marks the third consecutive decline, matching the lowest level observed since February, and is more favorable than the anticipated rise to 225,000. Concurrently, continuing claims increased by 7,000 from the revised figures in early November. These outcomes indicate a persistently low rate of new unemployment claims within the US economy, although the heightened levels of continuing claims hint at a deceleration in hiring. Notably, initial claims filed by former federal government employees decreased by 3,995, totaling 1,724.