Initial jobless claims rose 2,000 to 216,000 in the week ended November 10, the Labor Department said Thursday. The claims figure for the week ended November 3 was unrevised at 214,000. Continuing jobless claims were 1.676 million in the week ended November 3, up 46,000 from 1.630 million the week before.
IFR Markets expected 215,000 initial claims.
The four-week average of initial claims was up 1,500 in the week ended November 10 to 215,250.
The Lone Star State is expected to add 225,000 jobs in 2025, down from 244,000 last year, according to the Dallas Federal Reserve's annual forecast.
Yields have fallen over the past few weeks, so "any decent excuse that rates move up a little bit after that big rally" may have occurred as the market digested the report — which was a "little bit of a mixed bag" — after the initial headline figure, said Jeff MacDonald, EVP and head of fixed income at Fiduciary Trust International.
A state board moved toward instituting salary-based employee premium health insurance payment system as a way to avoid a looming $1.3 billion deficit in the government's health plan budget.
Texas Sen. John Cornyn remains a supporter of private activity bonds, his staff told BDA.
Southern California Edison reveals more about its potential liability in two Los Angeles fires.
Both houses of the Virginia state government have advanced budget bills that include rebates to taxpayers from surpluses fattened by federal funding and robust tax collections, a trend that concerns policy experts.
