US initial jobless claims dropped -71k to 199k in the week ending November 20, well below expectation of 260k. That’s the lowest level since November 15, 1969. Four-week moving average of initial claims dropped -21k to 252k, lowest since March 14, 2020.
Continuing claims dropped -60k to 2049k in the week ending November 13, lowest since March 2020. Four-week moving average of continuing claims dropped -48k to 2117k, lowest since march 21, 2020.
