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US initial claims for unemployment benefits rose by 9,000 in the week ended Nov. 7 on a seasonally adjusted basis to 200,000. The previous week’s total was revised up by 2,000. Jobless claims last reached 200,000 in the week of Oct. 10. Claims remain at historically low levels, though the number came in higher than the 195,000 forecast by economists . Claims rose by 5,047 in California, according to data that was not seasonally adjusted, while New Jersey reported an increase of 3,564. Among states with a decrease in claims were Michigan with 2,996 and Indiana with 616. The four-week moving average of claims was unchanged at 195,250 in the week ended Nov. 7 compared to the previous week. The previous week’s average was revised up by 500.
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