Thumb's Up? No increase in new unemployment claims and 4 week moving average drops

This just in from the US Dept. of Labor:

In the week
ending Nov. 14, the advance figure for seasonally adjusted initial claims was
505,000, unchanged from the previous week's revised figure of 505,000. The
4-week moving average was 514,000, a decrease of 6,500 from the previous week's
revised average of 520,500.

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