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).
