At the end of November, seasonally adjusted initial claims for unemployment benefits rose by 9,000, reaching a total of 224,000.
The figure for the previous week was revised upward by 2,000, from 213,000 to 215,000. The 4-week moving average increased by 750 to 218,250, compared to the prior week's revised average of 217,500, which had been adjusted upward by 500 from 217,000.
As of November 23, the seasonally adjusted insured unemployment rate stood at 1.2%, reflecting a 0.1 percentage point decrease from the previous week’s unrevised rate. The number of seasonally adjusted insured unemployed individuals fell by 25,000 to 1,871,000 for that week. The prior week’s figure was revised downward by 11,000, from 1,907,000 to 1,896,000. Additionally, the 4-week moving average for insured unemployment decreased by 3,250 to 1,884,250, compared to the previous week’s revised average of 1,887,500, which had been adjusted downward by 2,750 from 1,890,250.
Source: US Department of Labor
Global markets remained focused on shifting Middle East developments and monetary policy expectations, with reports of progress toward a Strait of Hormuz shipping agreement influencing sentiment.
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Weak Jobs Data Hits Dollar as Hormuz Risks Persist (10 – 14 August)Global markets entered the week as investors reassessed the Federal Reserve's outlook after a surprisingly weak US employment report signaled further deterioration in labor market conditions. The Dollar Index fell toward a two-month low, while gold and silver held onto strong weekly gains as expectations for a September Fed rate hike dropped sharply. At the same time, uncertainty surrounding the Strait of Hormuz continued to influence oil prices and global inflation expectations, with Iran and Oman reporting progress toward a transit agreement but no broader resolution yet reached.
Detail Weak Jobs Data Supports Metals and Currencies (08.10.2026)Global markets opened the week with the dollar under pressure after unexpectedly weak U.S. employment data reduced expectations for a September Federal Reserve rate hike.
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