Initial Jobless Claims rose by 1,000 in the latest week, with 220,000 people filing for unemployment benefits for the first time. Continuing Claims decreased by 64,000, showing that 1,861,000 million people are still receiving benefits after filing their initial claim.

What’s the bottom line? Though Continuing Claims fell by 64,000 in the latest week, the data is still one of the highest prints in over two years. Additionally, since this measure is delayed by two weeks, it encompassed the Thanksgiving holiday. Oftentimes, the seasonal adjustments do not accurately reflect real activity. Overall, the numbers shows that employers are trying to hold on to workers, but it’s becoming harder for people to find employment once they are let go.