Economists' Outlook

Housing stats and analysis from NAR's research experts.

Jobs More Stable: Fewer Unemployment Insurance Claims Filed

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses the latest data on unemployment insurance claims.

  • Fewer initial claims for unemployment insurance were filed in the week ending November 16, an indication of improving job stability. There were 323,000 claims filed by those starting a period of unemployment, 21,000 less than the previous week’s figure.
  • The unemployment rate remains tame across states: for the week ending November 2, no state experienced a rate of unemployment that that was high enough to trigger the extension of additional benefits on the Extended Benefits Program.
  • For the week ending November 9, the states that reported the largest increases in initial claims were California (+4,737), New York (+2,853), Pennsylvania (+2,711), Michigan (+2,271), and New Jersey (+2,210). The largest decreases were in Florida (-1,055), Kentucky (-580), Ohio (-409), Kansas (-169), and Puerto Rico (-144).
  • What this means for REALTORS®:  Greater job security and certainty is good for the real estate industry that depends on long-term job stability.

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

Advertisement

Comment Policy

The opinions expressed in reader comments sections on this website are those of the reader and not NAR or REALTOR® Magazine.

About Economists' Outlook

Visit this blog daily to see what NAR experts are saying about the economy, the housing market, and other factors that will impact your business.

Housing Minute

Housing Minute is a monthly video series highlighting the latest housing data from the National Association of REALTORS® in a minute or less.