Initial jobless claims rose 2,000 to 216,000 in the week ended November 10, the Labor Department said Thursday. The claims figure for the week ended November 3 was unrevised at 214,000. Continuing jobless claims were 1.676 million in the week ended November 3, up 46,000 from 1.630 million the week before.
IFR Markets expected 215,000 initial claims.
The four-week average of initial claims was up 1,500 in the week ended November 10 to 215,250.
"In our view, the worst for munis is behind us, at least for now; tax-exempts might continue to outperform, but only to a degree as technicals will remain somewhat challenging," Barclays strategists said.
"I'm worried about rates," muni market strategist Vikram Rai said during a webinar Thursday.
The Chicago City Council passed Mayor Brandon Johnson's green affordable housing plan, to be seeded with $135 million from 2024's $1.25 billion bond ordinance.
Public power energy providers are moving forward with using elective pay to boost investment in nuclear energy while electrifying small town and rural areas.
The state's legislative analyst's office expects revenues for the fiscal 2025-26 budget year to be $7.8 billion lower than estimated in January.
The municipal bond market may soon get its first glimpse of hotly anticipated tax legislation.
