200,000 new weekly unemployment claims in the US... Employment market stability continues

The number of new unemployment claims in the U.S. exceeded market expectations but remains at historically low levels.

The U.S. Department of Labor announced on the 12th (local time) that the number of new unemployment claims filed last week (November 1-7) was 200,000, an increase of 9,000 from the week before.

This figure is slightly higher than the expert forecast compiled by Dow Jones (195,000).

The number of ‘continuing unemployment benefits’ claims for those who applied for unemployment benefits for more than two weeks was 1.697 million during the week of the 25th to 31st of last month, a decrease of 20,000 from the previous week.

The number of new unemployment claims is an indicator of layoff trends, and has remained below 200,000 for the past nine weeks in a row, showing stability in the job market.