WASHINGTON — Initial jobless claims dropped to 407,000 for the week ending Nov. 20, the Labor Department reported Wednesday.
Continuing jobless claims fell for the fifth straight week, settling at 4.182 million.
Economists expected 435,000 initial jobless claims and 4.280 million continuing jobless claims.
For the previous week, initial claims were revised to 441,000 while continuing claims were revised to 4.324 million.
Fitch Ratings said the negative outlook on the BB-plus rating reflects Miami Jewish's thin operating profile.
The new-issue calendar will be a "good test to see if the higher absolute yields can pull buyers off the sidelines or if underwriters need to widen spreads significantly enough to reprice the entire market to clear the deals," according to Birch Creek strategists.
The state of emergency will let the governor use the central government's rainy-day fund to provide money to WAPA that semi-autonomous agencies of his government owe the authority. WAPA will use the money to make payments to bondholders and other creditors starting Tuesday.
"The upgrade is supported by strengthened debt service coverage ratios due to better than expected recovery from the pandemic," Fitch said.
S&P affirmed the state's AA issuer credit rating, citing healthy reserves and plans to increase permanent fund totals to mitigate revenue fluctuations.
The top five bond financings have an average dollar volume of more than $1.9 billion.
