For the week ending November 16, initial claims for U.S. unemployment benefits, seasonally adjusted, dropped to 213,000, a decrease of 6,000 from the previous week’s revised figure of 219,000. The prior week's claims were revised upward by 2,000, from 217,000 to 219,000.
For the week ending November 16, initial claims for U.S. unemployment benefits, seasonally adjusted, dropped to 213,000, a decrease of 6,000 from the previous week’s revised figure of 219,000. The prior week's claims were revised upward by 2,000, from 217,000 to 219,000. The 4-week moving average of initial claims fell to 217,750, a decrease of 3,750 from the revised average of 221,500 from the previous week, which had been adjusted upward by 500.
As of the week ending November 9, the seasonally adjusted insured unemployment rate rose to 1.3%, up by 0.1 percentage points from the prior week. The total number of people receiving unemployment benefits increased by 36,000, reaching 1,908,000—the highest level since November 2021, when it stood at 1,974,000. The previous week’s insured unemployment figure was revised down slightly by 1,000, from 1,873,000 to 1,872,000.
The 4-week moving average for insured unemployment claims rose to 1,879,250, an increase of 5,000 from the revised average of 1,874,250. This marks the highest 4-week moving average since November 2021, when it reached 1,928,000. The previous week’s moving average was revised down by 250, from 1,874,500 to 1,874,250.
Source: U.S. 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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