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Jobs Report - Less than forecast

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Last weeks 410,000 was revised upward (surprised anyone?) to 416,000.

 

New initial number is 393,000.

 

The 4-week moving average is now at 405,250.

 

From DOL:

 

The largest increases in initial claims for the week ending November 17 were in Florida (+1,534), Michigan (+1,427), Massachusetts (+1,189), Kentucky (+945), and Minnesota (+872), while the largest decreases were in New York (-30,603), California (-26,337), Pennsylvania (-11,451), Oregon (-1,997) and North Carolina (-1,851).

 

Though making the list of increases above there was some good news for Kentucky eastern coal workers with Southern Coal recalling miners and expected to hire more.

 

Southern Coal gets AEP contract and recalls 650 workers

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