New unemployment insurance application, low level since 1969-significantly lower than expected-Bloomberg

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The number of new unemployment insurance claims in the United States fell sharply last week, the lowest level since 1969. If the trend around this level continues, the uneven recovery of the labor market will enter a new stage.

Key Point
  • The number of new unemployment insurance applications (end of November 20th week) was 199,000, down 71,000 from the previous week under the normal state program.
    • The median economist forecast for the Bloomberg survey is 260,000.
    • Revised to 270,000 (preliminary breaking news: 268,000) last week

The number of applications has decreased more than expected in the market, but the issue is what kind of seasonal adjustment the government has made to the original figures, and it may be possible to explain the reason from that perspective.