Initial Jobless Claims Decreased by 75K in Last Week of November

Washington, DC, December 3, 2020-In the week ending November 28, the advance figure for seasonally adjusted initial claims was 712,000, a decrease of 75,000 from the previous week’s revised level, according to the Department of Labor.

The previous week’s level was revised up by 9,000 from 778,000 to 787,000. The 4-week moving average was 739,500, a decrease of 11,250 from the previous week’s revised average. The previous week’s average was revised up by 2,250 from 748,500 to 750,750.