US Labor Department jobless claims data
SPY•Initial jobless claims rose to 200,000 in the week ended Nov. 7, above economists’ 195,000 forecast; continued claims for the latest week were not available.
1. Claims rise
Seasonally adjusted initial jobless claims increased to 200,000 in the week ended Nov. 7, from a revised 191,000 the previous week. The four-week average was 195,250, and continued claims for the week ended Nov. 7 were not available.
2. Revisions and forecasts
The Labor Department revised initial claims for the week ended Oct. 31 to 191,000 from 189,000 and revised the four-week average for that week to 195,250 from 194,750. Economists had forecast 195,000 initial claims and 1.710 million continued claims.
