US initial jobless claims rose 14k to 225k in the week ending November 9, above expectation of 215k. Four-week moving average of initial claims rose 1.75k to 215.25k.
Continuing claims dropped -1k to 1.683m in the week ending November 2. Four-week moving average of continuing claims was unchanged at 1.688mm.
Also released. PPI rose 0.4% mom, 1.1% yoy in October, above expectation of 0.2% mom, 0.9% yoy. PPI core rose 0.3% mom, 1.6% yoy, versus expectation of 0.2% mom, 1.6% yoy.
