JEPI - Initial Claims For Unemployment Benefits Fall After 2 Weekly Increases

• Initial claims for regular state unemployment insurance totaled 712,000 for the week ending November 28, down 75,000 from the previous week's revised tally of 787,000.
• The drop in weekly claims in state programs follows two increases that drove the four-week average to its first increase since July.
• The latest week is the 37th week of historically massive claims. Persistent initial claims at such a historically high level remain a troubling sign for the labor market recovery and the economy.

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