Continuing claims, which are reported with a 1 week lag, rose 29,000 in the October 18 week, but the 4-week average fell 4,000 to 2.378 million for the lowest level since January 2001. Compared to a month ago, the average is down more than 60,000 which also points to strength for the October employment report.
There are no special factors in today's report, one that underscores yesterday's upbeat assessment of the jobs market by the FOMC.
Recent History Of This Indicator:
Initial jobless claims rose in the October 18 week, up 17,000 to 283,000 but the trend remained favorable. The prior week, revised only 2,000 higher to 266,000, was a 14-year low. The 4-week average is also at a 14-year low, down 3,000 to 281,000. Continuing claims for the October 11 week fell 38,000 to 2.351 million which is another 14-year low, as is the 4-week average, down 23,000 to 2.381 million. There were no special factors in this report.
Initial jobless claims rose in the October 18 week, up 17,000 to 283,000 but the trend remained favorable. The prior week, revised only 2,000 higher to 266,000, was a 14-year low. The 4-week average is also at a 14-year low, down 3,000 to 281,000. Continuing claims for the October 11 week fell 38,000 to 2.351 million which is another 14-year low, as is the 4-week average, down 23,000 to 2.381 million. There were no special factors in this report.
No comments:
Post a Comment