Weekly jobless fall
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11/19/2015 14:21:00
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Results in line with expectations.
The Labor Department today reported that seasonally-adjusted initial claims for unemployment insurance for the week ended November 13 were 271,000, a decline of 5,000 from the previous week's figure.
The results were in line with analysts’ expectations.
The 4-week moving average, which smoothes out volatility to a certain extent, increased 3,000 to 270,750.
The 4-week moving average remains near a 42-year low, and claims overall have stayed below the 300,000 level for 37 consecutive weeks, both of which indicate a strong labor market in the US. The apparent strength of the labor market will also undoubtedly play a role in the Fed’s decision on the timing of an interest rate hike.
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