Analysis shows US initial jobless claims slightly decreased last week

Jinse Finance reported that, according to foreign media analysis of unadjusted state data, the number of initial jobless claims in the United States slightly decreased last week. For the week ending November 8, initial claims dropped to about 226,000, compared to 228,000 the previous week. Due to the government shutdown, the Department of Labor has not released weekly reports since September 25, but has provided downloadable data for most states. The latest data for Massachusetts and the Virgin Islands is missing, so the four-week average was used instead. Continuing jobless claims fell to 1.94 million last week, down from 1.96 million the previous week. Applications from U.S. federal employees declined for the third consecutive week but remained at a relatively high level. For the week ending November 8, there were 5,702 new claims nationwide under the federal employee initial unemployment compensation program. For the week ending November 1, the number of continuing claims by federal employees rose to 38,387, reaching a new high since January 2019 (during the last government shutdown).