Unemployment claims fall last week

Claims now stand at 330,000, lower than earlier this month but still up from 322,000 at this time last year.
NOV 21, 2007
Unemployment claims fell by 11,000 last week, bolstering hopes that the job market will recover from the credit crisis. The advance figure for seasonally adjusted initial unemployment claims is now 330,000, lower than earlier this month but still up from 322,000 at this time last year, The Department of Labor reported. The four-week moving average decreased 750 to 329,750; the previous week’s revised average was 330,500, the DOL said. Insured unemployment claims stood at about 2.56 million for the week-ending Nov. 10, a 7,000 increase from the preceding week, but holding the insured unemployment rate steady at 1.9%. The four-week moving average increased 10,750 to more than 2.57 million.

Latest News

Fintech bytes: Vestmark, NDEX, and Forms Logic partnerships sharpen RIA tools
Fintech bytes: Vestmark, NDEX, and Forms Logic partnerships sharpen RIA tools

First Trust models, Schwab-linked data tools and Orion transition tech headline a busy week for RIA wealthtech

Two LPL executives jump to competitors as 2026 comes to a close
Two LPL executives jump to competitors as 2026 comes to a close

The change in senior personnel occurs days after LPL Financial tapped a new head of recruiting.

Osaic names new CMO and Empowered Independence head
Osaic names new CMO and Empowered Independence head

Former PulteGroup and Citizens executives join the broker-dealer network after a year of senior leadership departures

RIA moves: Prospera lands $600M Cornerstone team in Rochester
RIA moves: Prospera lands $600M Cornerstone team in Rochester

Independent RIA Concurrent adds over $1B across six moves, while OnePoint BFG opens West Palm Beach with a $240M team

Creative Planning adds $2.2B fee-only RIA Rockbridge in Syracuse
Creative Planning adds $2.2B fee-only RIA Rockbridge in Syracuse

The mega-RIA keeps absorbing independent fiduciary firms as Cerulli data shows the fee-only segment losing asset share

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor