US initial jobless claims dropped -1k to 268 in the week ending November 13, above expectation of 260k. Four-week moving average of initial claims dropped -6k to 253k. Both were the lowest since March 14, 2020.
Continuing claims dropped -129k to 2080k, lowest since March 14, 2020. Four-week moving average of continuing claims dropped -100k to 2157k, lowest since March 21, 2020.
