Another nasty jump

“In the week ending Nov. 15, the advance figure for seasonally adjusted initial claims was 542,000, an increase of 27,000 from the previous week’s revised figure of 515,000. The 4-week moving average was 506,500, an increase of 15,750 from the previous week’s revised average of 490,750.”

We’re solidly in crisis territory. Previous peaks were:

10/82: 695,000
3/91: 509,000
9/01:517,000

Here’s a graph for historical context.