Initial unemployment insurance claims picked up just slightly in Louisiana last week, according to the latest figures, as claims largely grow across the nation.
New unemployment claims rose by a single filing to 1,572 for the week ending Nov. 2. The previous week saw claims drop 12%. Initial claims were also 11.7% lower than they were for the same period last year.
The four-week moving average of initial claims, which smooths out short-term fluctuations and highlights longer-term trends, decreased slightly to 1,626.
While initial claims remained steady, a decline in continued claims in Louisiana persists. Continued claims fell 10.8% to 10,235 for the week ending Nov. 2. The claims are also 21% lower than they were for the same period last year.
