Initial Claims increased to 436,000, for the week ending 11/27, against the expected increase to 426,000, after decreasing to 410,000, the revised level for the previous week. The 4-week moving average decreased to 431,000 from the previous week’s revised average of 436,750. Seasonally adjusted insured unemployment from the prior week, ending on 11/20, was 4,270,000, an increase of 53,000 from the preceding week’s revised level of 4,217,000. Seasonally adjusted insured unemployment rate from the week ending on 11/20, was 3.4%, unchanged from the previous week’s revised figure of 3.4%.Tomorrow, the monthly employment situation is scheduled for release by the Bureau of Labor Statistics at 8:30 AM EST. The Unemployment Rate was recorded at9.6% in October.
Pending Home Sales are expected to decrease by 0.8% today at 10:00 AM EST. The Pending Home Sales Index had decreased 1.8% in September to an index value of 80.9 following a 4.3% increase in August. The index had decreased by 24.9% on a year-over-year basis.
Upcoming Releases
Pending Home Sales (12/02 at 10:00 AM EST)
Unemployment Rate (12/03 at 8:30 AM EST)
Factory Orders (12/03 at 10:00 AM EST)
ISM Services Index (12/03 at 10:00 AM EST)
