WASHINGTON — Initial claims for state unemployment declined 11,000 to 330,000 in the Nov. 17 week, as expected, following a slight upward revision to the previous week’s level, the Labor Department reported Wednesday. Forecasts in a Market News International survey of economists had centered on 330,000 new claims, within a range of 325,000 to 340,000. The previous week’s initial claims level was revised to 341,000 from the originally reported 339,000 level. A comparison of employment survey weeks shows initial claims declined 9,000 in the Nov. 17 week versus the 339,000 level reported in the Oct. 13 week.The analyst described the week as “pretty ordinary,” adding that there was no new information or effect from the recent California wildfires. Seasonals had expected initial unadjusted claims to fall by about 20,000, but they actually decreased by 30,304 in the Nov. 17 week to a level of 325,024.— Market News International
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