Seasonally-adjusted US jobless numbers show continued slide

Ben Southwood
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NEW JOBLESS claims in the US continued to creep down in the beginning of November, at least on seasonally-adjusted figures, according to data released yesterday.

New unemployment insurance claims dropped 8,000 in the week ending 3 November, to reach 355,000, the Department of Labor showed. But the bigger drop-off came in total insured unemployment, which fell 135,000 into the previous week, ending 27 October, putting them 517,000 lower than a year earlier, at a total of 3,127,000.

This came in tandem with trade balance data from the Bureau of Economic Analysis and the Census Bureau which showed a $2.9bn (£1.8bn) fall in the overall deficit in September, compared to a year earlier, bringing it to $41.5bn, on a falling goods deficit combined with a rising surplus in services.