WASHINGTON – Initial jobless claims increased 2,000 to 393,000 on a seasonally adjusted basis for the week ending Nov. 19, the Labor Department reported Wednesday.
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Continuing claims rose to 3.691 million for the week ending Nov. 12 from 3.623 million the week before, the highest since Oct. 22, when they were 3.707 million.
Economists expected 390,000 initial claims and 3.60 million continuing claims, according to the median estimate from Thomson Reuters.
The four-week moving average for initial claims was 394,250, down from the previous week's revised average of 397,500.
The four-week moving average for continuing claims was 3.672 million, down from the preceding week's revised average of 3.674 million.
