Two federal reports released Thursday noted an increase in unemployment, as well as an increase in manufacturing payrolls.
The U.S. Department of Labor (DOL) reported Thursday that seasonally adjusted unemployment claims increased by 34,000 the week of November 25. The four-week moving average also increased by 7,250 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending Nov. 18, unchanged from the prior week's unrevised rate of 1.9 percent. The largest increases in initial claims for the week ending Nov. 18 were in California, Illinois, Pennsylvania, New Jersey and Michigan, while the largest decreases were in Mississippi and South Carolina.Wisconsin, Texas, Kentucky, Florida, Indiana, New Jersey and Illinois all reported claims related to manufacturing job losses.
Private wage and salary disbursements increased $34.9 billion in October, compared with an increase of $33.4 billion in September. Goods-producing industries’ payrolls increased $6.1 billion and manufacturing payrolls increased $4.7 billion in October, according to a report released Thursday by the Bureau of Economic Analysis division of the U.S. Department of Commerce.