Highlights

• Initial jobless claims for the week ending November 2 decreased by 8,000 to 211,000 (Briefing.com consensus 217,000).
• Continuing jobless claims for the week ending October 26 decreased by 3,000 to 1.689 million.

Key Factors

• The four-week moving average for initial claims increased by 250 to 215,250.
• The four-week moving average for continuing claims was unchanged at 1,686,750.
• Initial claims have held below 300,000 for 244 straight weeks.

Big Picture

• The key takeaway from the report is that it is consistent with a job market that remains on solid footing, which will keep recession concerns at bay.