Weekly Jobless Claims Fall Largest in 6 Months

Jobless initial claims fell 34,000 to 324,000 in the week ending Dec. 2,  according to the Labor Department. This is the largest drop in 6 months. The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending Nov. 25, unchanged from the prior week's unrevised rate of 1.9 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Nov. 25 was 2,524,000, an increase of 57,000 from the preceding week.

The largest increases in initial claims for the week ending Nov. 25 were in Wisconsin (+10,655), Texas (+4,855), Indiana (+1,842), Mississippi (+1,125), and Iowa (+1,011), while the largest decreases were in California (-10,870), Illinois (-5,597), Florida (-4,704), New Jersey (-3,880), and North Carolina (-3,737).

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